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    CPI(M) hits out at NCLT over Subhash Chandra's Rs 6.5-Cr repayment plan against Rs 22,006-Cr claims
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August 28, 2026
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Insolvency debt settlements: political criticism alleges severe creditor haircuts favour influential corporate borrowers over ordinary debtors.
CPI(M) criticised approval of a repayment plan involving Zee Group founder Subhash Chandra, asserting that repayment of Rs 6.5 crore against creditor claims of Rs 22,006.57 crore undermines fairness in insolvency debt settlement. It alleged severe creditor haircuts and bias favouring influential corporate borrowers. The party linked the settlement to an alleged pattern of large borrowers resolving liabilities at steep discounts, shifting the burden to taxpayers and small depositors while smaller borrowers face coercive recovery measures.
August 28, 2026
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Corporate governance requires company secretaries to promote ethical practices, transparency, responsibility and institutional accountability across economic ecosystems.
Good corporate governance is central to development and depends on responsible governance, ethical practices, transparency, institutional accountability and professional excellence. Company Secretaries have an expanding role in strengthening governance practices through professional expertise. Professional institutions should promote governance standards, support institutional excellence, and evolve their practices in response to changing requirements. Their wider contribution lies in fostering a culture of ethical entrepreneurship, responsibility, transparency and sound governance.
August 28, 2026
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Proceeds-of-crime tracing prompts freezing of deposits linked to structured disposal of foreign property in a bank-loan fraud investigation.
Money-laundering investigation into alleged bank-loan fraud involving DHFL has resulted in the freezing of bank deposits held by Al Jalore Trading FZE under the Prevention of Money Laundering Act. A United Kingdom property was allegedly disposed of through a purported loan arrangement that created an encumbrance to settle an Indian liability. Sale proceeds were credited to Al Jalore Trading FZE's Indian bank account rather than to the registered owner, indicating alleged dissipation of proceeds of crime through a structured foreign-property transaction.
August 28, 2026
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Defence export authorisation reform streamlines consultations, expands unified licences, and facilitates eligible exporters' access to international markets.
Open General Export Licence arrangements permit eligible exporters to self-generate authorisations for multiple consignments of specified defence items without obtaining separate authorisation for each consignment. Three existing licence procedures are consolidated into a unified framework. Licence validity is extended to three years, and territorial coverage is expanded to all countries other than negative or sensitive nations and destinations subject to United Nations Security Council sanctions or arms embargoes. Eligible companies with long-term foreign original equipment manufacturer agreements may obtain licences aligned with the underlying contract, subject to prescribed conditions.
August 28, 2026
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IPO approval enables Jio Platforms to issue fresh equity shares, with proceeds earmarked for subsidiary debt repayment and corporate purposes.
SEBI's final observations enable Jio Platforms Ltd to proceed with an initial public offering comprising up to 27 crore newly issued equity shares. The transaction is structured as a fresh issue of shares. Offer proceeds are primarily allocated towards repayment or prepayment of outstanding borrowings of Reliance Jio Infocomm Ltd, Jio Platforms' material subsidiary, with the balance designated for general corporate purposes.
August 28, 2026
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Gold price volatility intensified as dollar strength, profit-booking, and customs-duty-cut reports pressured domestic bullion markets.
Domestic bullion prices declined for a third consecutive session as a stronger US dollar and sustained profit-booking after a recent rally weakened gold and silver. Gold fell sharply in the national capital and silver also declined in domestic trading, with the three-day movement reflecting ongoing price volatility in the bullion market. International spot gold remained marginally lower while investors awaited policy-related remarks concerning inflation and elevated yields.
August 28, 2026
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Direct benefit transfer strengthens welfare delivery through Jan Dhan accounts, digital payments, reduced intermediaries, and expanded financial inclusion.
Direct Benefit Transfer has transferred welfare benefits directly to beneficiaries, largely through Jan Dhan accounts, reducing intermediaries and supporting transparent delivery. The Pradhan Mantri Jan Dhan Yojana provides unbanked adults basic accounts without minimum-balance or maintenance-charge requirements, along with RuPay debit cards, accident insurance coverage, and emergency overdraft access. Banking outlets, digital-payment infrastructure, and Bank Mitras extend formal financial services to women, rural and semi-urban communities, strengthening financial inclusion and participation in the formal economy.
August 28, 2026
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Foreign exchange reserves reached a record level, supported by increases in foreign currency assets and gold holdings.
India's foreign exchange reserves increased by USD 12.422 billion to an all-time high of USD 729.328 billion for the week ended 21 August. Foreign currency assets and gold reserves recorded the principal increases, while special drawing rights and the reserve position with the IMF also rose. Foreign currency asset valuation reflects movements in non-US currencies held in the reserves. FCNR(B) and concessional swap arrangements were introduced to attract additional foreign-exchange inflows.
August 28, 2026
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IPO regulatory approval enables Jio Platforms to advance preparations for its proposed fresh equity share public offering.
Jio Platforms Ltd. has obtained Sebi's final observations for its proposed initial public offering. This key regulatory stage enables further preparations for the public issue, subject to applicable regulatory requirements. The proposed offering comprises up to 27 crore fresh equity shares and is expected to account for approximately 2.9 per cent of the company's post-issue equity base.
August 28, 2026
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Financial inclusion through basic bank accounts expands banking access with no-balance accounts, debit cards, and emergency overdraft support.
Pradhan Mantri Jan Dhan Yojana enables unbanked adults to open basic bank accounts without minimum-balance or maintenance-charge requirements. Accounts include a free RuPay debit card with accident insurance coverage and eligibility for an overdraft facility during emergencies. The scheme promotes digital transactions, financial security and participation in the formal economy, while extending banking access to rural and semi-urban communities and increasing women's financial inclusion.
August 28, 2026
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Flexible personal loan repayment enables eligible borrowers to select longer tenures, subject to eligibility, terms, verification, and repayment capacity.
Bajaj Finance personal loans offer eligible customers collateral-free borrowing with flexible repayment tenures of 12 to 108 months, subject to eligibility, applicable terms, verification and documentation. A longer tenure may reduce monthly EMIs by spreading repayment over more months, but can increase total interest payable. Borrowers should compare the interest rate, tenure, EMI, processing charges and other costs, while considering their income, existing commitments and repayment capacity. Loan Utsav 2026 provides limited-period rewards for eligible customers whose loans are successfully disbursed during the campaign period, subject to applicable terms.
August 28, 2026
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Digital arrest money laundering investigation tracks cyber-fraud proceeds through layered bank accounts, cash withdrawals, and foreign-exchange conversion.
Arrests under the Prevention of Money Laundering Act form part of an investigation into alleged digital arrest cyber fraud and laundering of fraud proceeds. Funds were reportedly routed through numerous bank accounts, withdrawn in cash, and converted into foreign currency through licensed money changers. The financial trail is linked to commodity trading, travel and foreign-exchange entities allegedly connected with cyber-fraud complaints and first information reports. The inquiry also identified alleged shell or dummy companies using proxy directors to conceal control and facilitate fund movement.
August 28, 2026
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Foreign exchange intervention and lower crude prices supported rupee appreciation despite a stronger dollar and foreign institutional investor outflows.
Foreign exchange market conditions supported a six-paise appreciation of the rupee against the US dollar at the close of trading. Lower global crude oil prices and Reserve Bank of India intervention to limit significant rupee depreciation contributed to the movement. A marginal strengthening of the US dollar and foreign institutional investor equity outflows continued to exert pressure, while FCNR(B) scheme inflows supported the currency.
August 28, 2026
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Cyber fraud impersonating enforcement officials coerced a senior citizen into bank and cryptocurrency transfers through terror-funding threats.
Cyber fraudsters allegedly impersonated public officials and threatened a senior citizen with implication in money laundering, terror funding and cybercrime. Using WhatsApp video calls and purported official notices, they allegedly induced the victim to transfer funds to multiple bank accounts and a cryptocurrency wallet on the pretext of proving innocence. The victim reportedly liquidated fixed deposits and mutual fund investments before identifying the deception and reporting it through the cybercrime helpline. A cyber police case was registered for further investigation.
August 28, 2026
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Rupee depreciation against US dollar reflects foreign investor outflows and crude supply disruptions, moderated by weaker dollar and oil prices.
Foreign institutional investor outflows and disruptions in global crude oil supplies placed downward pressure on the rupee against the US dollar. A weaker dollar index and lower Brent crude prices moderated the decline. Market commentary anticipated a narrow trading range, with expected Reserve Bank of India protection at the upper end and oil importer, month-end, and importer demand supporting the lower end. Participants also monitored the US Federal Reserve Chair's Jackson Hole speech.
August 27, 2026
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Emergency flood response measures coordinate rescues, suspend cross-border transport, and address risks to public safety.
Severe flash floods in Nepal and along the Nepal-Tibet border prompted cross-border rescue coordination for missing and stranded persons, warnings of continued downstream flood risk, and international relief support. Preventive public-safety measures included temporary suspension of an Indo-Nepal bus service. Separate developments included disruption of public services during an employee strike, investigation of an aircraft crash, market measures affecting sugar and onion prices, and proposed trade engagement for greater market access for basmati rice and processed food exports.
August 27, 2026
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Regulatory review of fraud allegations requires timely consideration of representations while merits and standing remain undecided.
SEBI must consider and decide, within two weeks, representations alleging fraud by an Indian logistics company and its subsidiary. The allegations concern systematic over-invoicing of freight charges and forged documentation, with a parallel criminal investigation based on an FIR registered by the Delhi Police Economic Offences Wing. No determination has been made on the merits of the allegations or the complainant's standing to approach SEBI. The allegations and criminal proceedings were disclosed in IPO offer documents.
August 27, 2026
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Personal insolvency repayment plans test creditor voting thresholds, valuation safeguards, and limits on commercial review under insolvency law.
Personal insolvency resolution under the Insolvency and Bankruptcy Code involved approval of a repayment plan providing for payment of Rs 6.25 crore to creditors and Rs 25 lakh towards process costs against admitted creditor claims of about Rs 22,006.57 crore. Objections by dissenting creditors were rejected because they held less than 20 per cent of voting share, while the plan received 80.81 per cent support. Valuation indicated that the personal estate was worth less than the amount offered, and the tribunal declined to replace creditor commercial wisdom or assess settlement adequacy.
August 27, 2026
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Sovereign credit rating stability reflects policy continuity, infrastructure investment, external strength, and fiscal consolidation pressures.
India's sovereign credit rating retained a BBB stable outlook, supported by strong growth, an external balance sheet, stable institutions, policy predictability, and infrastructure investment. Public investment and consumer demand are expected to sustain growth and assist fiscal consolidation. Constraints include weak fiscal performance, elevated government debt and interest burdens, and low per-capita income. Long-term rating support depends on financing infrastructure investment without materially widening the current-account deficit and on reducing the fiscal deficit through stable fiscal and monetary policies.
August 27, 2026
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Sugar import liberalisation and stockholding limits seek to moderate retail prices amid constrained domestic supply and restricted exports.
Sugar price-control measures combine duty-free raw sugar imports, stockholding limits for dealers and bulk consumers, and an export prohibition to address elevated retail prices and curb hoarding. Domestic supply remains constrained by reduced sugarcane output, prior exports and diversion of sugar to ethanol. Net production is estimated below projected domestic demand, while closing stocks are expected to remain limited. Import access, inventory restrictions and export controls therefore operate as market-stabilisation mechanisms.

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NEP 2020 PREPARES YOUTH TO TAKE ON CHALLENGES AND OPPORTUNITIES EMERGING FROM A KNOWLEDGE-DRIVEN ECONOMY OF 21ST CENTURY

July 22, 2024

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SCHOOL EDUCATION SYSTEM IN INDIA, WITH PUBLIC AND PRIVATE SCHOOLS, CATERS TO AROUND 26 CRORE STUDENTS FROM VARIOUS SOCIO-ECONOMIC BACKGROUNDS

PATH BREAKING ECCE PROGRAMME ‘POSHAN BHI PADHAI BHI’LAUNCHED

ALL 613 FUNCTIONAL DIETS TO BE UPGRADED INTO DIETS OF EXCELLENCE IN NEXT FIVE YEARS

7.07 LAKH GIRL STUDENTS ARE CURRENTLY ENROLLED IN 5116 KGBVs NATIONWIDE

POLICY RECOMMENDATIONS FOR EQUIVALENCE ACROSS SCHOOL BOARDS ARE BEING DRAFTED

RS. 5942.21 CRORE APPROVED FOR 10,080 PMSHRI SCHOOLS IN FY25

PM POSHAN SCHEME BENEFITTED 11.63 CRORE CHILDREN IN 10.67 LAKH SCHOOLS IN FY24 (TILL DEC 2023)

29,342 SCHOOLS HAVE BEEN COVERED UNDER SKILL EDUCATION FROM FY19 TO FY24 (TILL MARCH 2024)

The National Education Policy (NEP), launched in 2020 is a policy document that not only encompasses the SDG Goals on education but also prepares the youth of India to take on the challenges and opportunities emerging from a knowledge-driven economy of the 21st century, says the Economic Survey 2023-24 tabled in Parliament today by the Union Finance and Corporate Affairs Minister Smt Nirmala Sitharaman.

The Survey states that the school education system in India, with public and private schools, caters to around 26 crore students from various socio-economic backgrounds and the NEP 2020 seeks to provide all learners in the age group of 3-18 years with access to high-quality education to create an educational system that is rooted in Indian culture and has the potential to establish India as a global knowledge superpower.

‘Poshan bhi Padhai bhi’

The Survey mentions that in alignment with the guidelines of the National Education Policy 2020, ‘Poshan bhi Padhai bhi’ (PBPB) was launched in May 2023. It is a path-breaking Early Chilhood Care and Education (ECCE) programme to help India develop the world’s largest, universal, high-quality preschool network at Anganwadi Centres.

The Survey highlighted that for the first time, early stimulation for 0-3 years is being covered by a Government programme. Through the programme, every child would be provided with at least two hours of high quality preschool instruction daily. All States will follow the national ECCE task force recommendations for a play-based, activity-based learning pedagogy explicitly targeted at developmental milestones of 0-3-year-olds and 3-6-year-olds, including special support for Divyang children, the Survey adds.

Strengthening the country-wide-web of Anganwadis

The Survey stresses that considering global evidence that 85 per cent of brain development is achieved by the age of 6 years, the Anganwadi eco-system becomes a critical access point for building our children’s base to secure their future. In order to realise PBPB through Anganwadis, the latter will have to be strengthened with high-quality infrastructure, play equipment, and well-trained Anganwadi workers/teachers. In this regard, all Anganwadi Workers are to be trained on ECCE principles, including using activities, play and indigenous and DIY toys, through 40,000 Master Trainers. It also states that as of January 2024, 3735 State Level Master Trainers have been trained through 95 training programmes, covering 25 States and 182 Districts.

Some major schemes/initiatives of the Government in school education that are driving the NEP 2020 goals and policies into action and their progress:

  1. Samagra Shiksha Abhiyan
  • NISHTHA, an integrated teacher training programme extended to cover teachers at all levels. 1,26,208 master trainers certified in NISHTHA ECCE.
  • All 613 functional District Institutes of Education and Training (DIETs), the district level institutions guiding school education and teacher education to be upgraded into DIETs of Excellence in the next five years. In this first cycle of upgradation (FY24), an amount of ₹ 92,320.18 lakh has been approved i.r.o. 125 DIETs across the country.
  • Vidya Pravesh, which is a 3-month play-based ‘school preparation module’ for all Grade-I Students with and without preschool education has been implemented by 36 States/UTs.  1.13 crore students from 8.46 lakh schools have been covered in 2023-24.
  • 7.07 lakh girls’ students are currently enrolled in 5116 Kasturba Gandhi Balika Vidyalaya (KGBV) nationwide.
  • Under Inclusive Education for Children with Special Needs (CwSN), 18.50 lakh children with special needs are covered from pre-primary to class XII.  
  1. Under National Assesment Centre- PARAKH, the policy recommendations for equivalence across school boards are being drafted after stakeholder discussion.
  2. Under DIKSHA initiative, the free mobile application and web portal for learners, teachers, parents, etc. was launched in 36 Indian and foreign languages. 3.53 lakhs e-contents are made available to 1.71 crore registered users under DIKSHA. 
  3. Under PM-SHRI , the 3 phases of school selection were completed in which 10,858 schools were selected from 32 States/ UTs/KVS/NVS. Rs. 5942.21 crore have been approved for 10,080 PMSHRI, Schools in FY25.
  4. The PM POSHAN scheme provides one hot cooked meal for students of class I-VIII in Government and Government-aided schools. The scheme benefitted 11.63 crore children in 10.67 lakh schools in FY24 (till Dec 2023).
  5. National Means cum-Merit Scholarship Scheme provides scholarships to meritorious students from economically weaker sections to arrest their drop-outs. In the year 2023-24, a total of ₹ 300.10 crore was sanctioned to 2,50,089 students.

Vidyanjali: A school volunteer programme

The Vidyanjali initiative has played a crucial role in enhancing the educational experiences of over 1.44 crore students by facilitating comprehensive community engagement and leveraging volunteer contributions across various domains, including subject assistance and mentoring and the provision of modern electronics and digital devices.

Progress in School Infrastructure

Reporting on the basic facilities in all schools the Survey notes that there are 97% girls toilets in 2022-23 as compared to 88.1% in 2012-13. The boys toilets have increased to 95.6 % in 2022-23 as compared to 67.2 % in 2012-13.The hand washing facilities have also increased from 36.3 % in 2012-13 to 94.1% in 2022-23. The schools with electricity have also increased from 54.6 % in 2012-13 to 91.7% in 2022-23. The Internet penetration in all schools has significantly increased from 6.2 % in 2012-13 to 49.7 % in 2022-23 and the computers have increased from 22.2 % in 2012-13 to 47.7 % in 2022-23.

Vocational Education

In terms of progress achieved, 29,342 Schools have been covered under skill education from FY19 to FY24 (till March 2024) and 22 sectors with 88 job roles were covered under Skill education till FY24.

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