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    August 5, 2026
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    Neutral monetary policy stance continues as inflation clarity is awaited, alongside cooperative banking and lending-rate transparency measures.
    Monetary policy maintained the benchmark policy repo rate and a neutral stance pending clearer evidence that energy-cost pressures will generate broad-based inflation. Inflation is expected to rise temporarily due principally to food and fuel prices before moderating, while core inflation remains benign. The approach remains data-dependent, supported by two-way liquidity operations. Proposed measures include resuming urban cooperative bank licensing, revising rural cooperative bank credit-monitoring directions, and harmonising interest-rate regulation on advances across regulated entities to improve transparency and consumer protection.
    August 5, 2026
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    Repo rate stability preserves the policy stance amid lower inflation projections, stronger growth expectations and external-sector resilience.
    Monetary policy maintained the repo rate at 5.25 per cent following a unanimous policy committee decision. The growth forecast for FY27 was marginally increased, while the inflation projection was lowered. Inflation conditions remain uncertain because of monsoon, El Nino and geopolitical developments. Liquidity remained in surplus, and external-sector indicators reflected a current-account surplus, buoyant foreign direct investment inflows, renewed foreign portfolio investment inflows, and adequate foreign-exchange reserves.
    August 5, 2026
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    Polymer currency notes target improved durability as monetary policy remains data-dependent and rupee management pursues an orderly trajectory.
    Polymer currency notes are targeted for circulation at the beginning of the next financial year, subject to implementation proceeding as planned. They are intended to improve durability, especially for lower-denomination notes with high circulation velocity. Monetary policy decisions will remain data-dependent and focused on aligning headline inflation with its medium-term target. Foreign Currency Non-Resident (Bank) scheme inflows are expected to remain healthy until closure, with no proposal for premature termination. Rupee management aims to maintain an orderly exchange-rate trajectory.
    August 5, 2026
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    Customs anti-smuggling enforcement targets gold concealed as silver-coated armlets following passenger profiling and personal search at airport.
    Customs officers intercepted two passengers arriving from Istanbul after Advance Passenger Information System profiling and their activation of the Door Frame Metal Detector. A personal search recovered approximately one kilogram of gold, silver-coated and concealed as traditional armlets worn on the upper arms. The gold was seized under the Customs Act, a smuggling case was registered, and investigation was initiated into the source and any wider smuggling network.
    August 5, 2026
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    Closing auction price discovery for eligible derivatives shares begins as monetary policy retains the repo rate and neutral stance.
    The Reserve Bank retained the repo rate with a neutral stance amid uncertainty over energy prices and supply disruptions. Stock exchanges introduced the Closing Auction Session in the equity cash segment for eligible shares with futures and options contracts. This auction-based mechanism determines closing prices of eligible stocks and aims to make price discovery more transparent and robust.
    August 5, 2026
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    Services-sector growth slowed as weaker demand, competition and postponed orders moderated business activity, while employment improved modestly.
    Services-sector growth slowed as domestic and export orders moderated amid weaker demand, competitive pressures, softer market conditions and postponed orders. Output continued to expand, but at its weakest pace in more than four years. Employment growth improved modestly, while input costs rose and firms increased selling prices. Business confidence remained positive but declined, and the composite output indicator weakened due principally to the sharp slowdown in services activity.
    August 5, 2026
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    Interim bail conditions require residence outside the state and trial attendance in alleged manpower commission corruption proceedings.
    Interim bail was granted to Anwar Dhebar in a matter involving alleged corruption and an illegal commission mechanism linked to a state marketing corporation. Conditions require him to remain outside Chhattisgarh, attend the trial court, and provide his residential address. The allegations concern manpower supply agencies allegedly being compelled to pay commissions for clearance of legitimate bills, with proceeds routed through intermediaries. The case was registered under the Indian Penal Code and the Prevention of Corruption Act.
    August 5, 2026
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    Tax certainty measures revise fund-management safe harbours, electronic-payment charges, sectoral exemptions, business-trust treatment, and excess expenditure appropriation.
    The Taxation and Other Laws (Amendment) Bill, 2026 proposes to replace the Income-tax (Amendment) Ordinance, 2026 and amend payment-system and tax laws. It would prohibit charges on notified electronic payments, revise safe-harbour conditions for eligible investment funds and fund managers, and expand tax exemptions for Government securities, qualifying rough-diamond sales and bonded-warehouse component storage. It also modifies exemptions concerning electronic-goods contract manufacturing, data centres and business-trust dividends, while imposing a differentiated surcharge on qualifying special purpose vehicles. A separately included appropriation bill authorises excess expenditure from the Consolidated Fund of India.
    August 5, 2026
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    Growth and inflation projections reflect resilient domestic activity while energy volatility, supply disruptions, and food prices sustain inflation risks.
    Monetary policy projections for fiscal 2026-27 revise real GDP growth upward to 6.7 per cent and Consumer Price Index inflation downward to 5 per cent. Domestic activity is described as resilient amid global uncertainty, but inflationary risks persist from rainfall disruption, energy-price volatility, supply-chain uncertainty, and second-round effects of higher food, fuel and input costs. Core inflation is projected at 4.3 per cent for the fiscal year.
    August 5, 2026
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    Industry collaboration strengthens MSME competitiveness through shared resources, market linkages, capability building and inclusive support for women entrepreneurs.
    MSME development is linked to collaboration, knowledge-sharing, institutional support and capability building. Industry associations can provide networking, policy advocacy, business intelligence, skills programmes, shared infrastructure and market linkages, while collective procurement, shared logistics, digital commerce and export readiness may improve competitiveness. Women-led enterprises benefit from market-oriented capability development, mentorship, continuous learning, professional networks, capacity-building programmes and institutional support. The Development of Industry Associations initiative is intended to connect associations and facilitate the sharing of best practices.
    August 5, 2026
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    Monetary policy rate maintenance continues under a neutral stance amid energy disruption, inflation concerns and sustained currency depreciation.
    Monetary policy rate maintenance was continued with the repo rate retained at 5.25 per cent under a neutral stance amid uncertainty over energy prices and supply disruptions associated with the West Asia crisis. The growth forecast was marginally increased and the inflation projection reduced. Sustained rupee depreciation against the dollar was attributed to costly oil, capital outflows, widening trade deficits and a strong US dollar.
    August 5, 2026
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    Monetary policy rate pause maintains a neutral stance amid energy disruption, inflation concerns and sustained rupee depreciation pressures.
    Monetary policy rates were retained without change for a third consecutive review, with a neutral stance maintained amid uncertainty over energy prices and supply disruptions associated with the West Asia crisis. The policy assessment noted retail inflation above the medium-term target, alongside an upward revision to growth expectations and a downward revision to the inflation projection. Continued rupee depreciation was linked to higher oil prices, capital outflows, widening trade deficits and a stronger US dollar.
    August 5, 2026
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    Monetary policy expectations shape equity sentiment as softer crude prices and foreign investment support domestic financial assets.
    Equity market sentiment improved in early trading as lower crude oil prices and foreign fund inflows supported benchmark indices, while investors awaited the monetary policy decision. Softer crude prices, rupee recovery, improving global risk sentiment, resilient economic growth, corporate earnings and sustained foreign portfolio investment supported domestic financial assets, despite continuing global and geopolitical uncertainties.
    August 5, 2026
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    Foreign exchange market movement strengthens as lower crude prices and monetary policy signals influence the rupee's direction.
    Foreign exchange market movement saw the rupee appreciate against the US dollar in early trading, supported by lower crude oil prices, a softer dollar index, domestic equity gains and net foreign institutional investment. Market attention centred on the Reserve Bank of India's monetary policy decision, with expectations of an unchanged benchmark repo rate. Policy communication on inflation and developments in Hormuz-related talks were identified as factors that could influence the rupee's direction.
    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.

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      Year-end review 2024: Ministry of Statistics and Programme Implementation (MoSPI) during 2024

      December 26, 2024

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      Survey Results release fast-tracked with use of technology

      Data releases as per the Advance Release Calendar

      Continuous engagement and regular feedback from the data users and stakeholders to improve data quality

      Base year revision exercise underway for GDP, IIP and CPI

      Data accessibility through eSankhyiki portal

      Strengthening statistical collaboration with Ministries/Departments/States/UTs

      Revamping of OCMS underway

      Mobile app launched for Members of Parliament and all other stakeholders for the MPLADS eSAKHI Portal

      The key initiatives/achievements of the Ministry of Statistics and Programme Implementation (MoSPI) during the year 2024 are as follows:

      A. Survey Reports released during 2024

      During the year, MoSPI released the results in respect of the following Surveys:

      1. Household Consumption Expenditure Survey (HCES) 2022-23

      MoSPI released the report on Household Consumption Expenditure Survey 2022-23 on 7 June 2024. It brought out the estimates of monthly per capita household consumer expenditure at both State and all-India levels and helps in understanding the consumption patterns, standard of living and well-being of the households. It also provided the budget shares of different commodity groups, which is used in preparing the weighting diagram for compilation of official Consumer Price Indices (CPIs). The report on HCES 2023-24 is likely to be released on 27 Dec 2024.

      1. Survey on Ayush 2022-23, NSS 79th Round

      The AYUSH 2022-23 is the first exclusive all-India survey on ‘Ayush’ conducted by the National Sample Survey of MoSPI from July 2022 to June 2023 as part of the 79th round of NSS. The survey was aimed to gather insights on awareness and use of traditional healthcare systems, including home remedies & medicinal plants. The survey brought out information on indicators on awareness, usage of Ayush and average expenditure incurred for availing Ayush treatment at all-India level along with state level estimates.

      1. Annual Survey of Unincorporated Sector Enterprises (ASUSE) 2021-22, 2022-23 and 2023-24

      ASUSE is an integrated survey capturing economic and operational characteristics of unincorporated non-agricultural enterprises in manufacturing, trade and other services sectors (excluding construction) in order to supplement the corporate sector data. MoSPI released the key results on economic and operational characteristics of unincorporated non-agricultural enterprises in manufacturing, trade and other services sectors through the reports on ASUSE 2021-22, 2022-23 and 2023-24. The factsheet for the year 2023-24 was released on 24 Dec 2024.

      1. Periodic Labour Force Survey (PLFS)

      MoSPI released quarterly bulletins on PLFS (Urban) and Annual Report on PLFS (Rural and Urban) during the year. The reports provided estimates of the key employment and unemployment indicators (viz. Labour Force Participation Rate, Worker Population Ratio, Unemployment Rate). From Jan 2025 onwards, MoSPI is planning to release the PLFS reports for both rural and urban on a monthly basis.

      1. Annual Survey of Industries (ASI) Final Result (2022-2023)

      MoSPI released the report Annual Survey of Industries 2022-23 on 30 Sep 2024. The report provides a meaningful insight into the dynamics of change in the composition, growth and structure of various manufacturing industries in terms of output, value added, employment, capital formation and a host of other parameters.

      1. Comprehensive Annual Modular Survey (July 2022- June 2023)

      MoSPI released the report on Comprehensive Annual Modular Survey (July 2022- June 2023) on 9 October 2024. The survey was conducted to collect data to generate indicators related to education, out-of-pocket medical expenditure, use of mobile and internet, financial inclusion, ICT skills, possession of assets, etc. In addition, information related to drinking water, sanitation, energy use, birth registration, access to transport facilities, etc.  was also collected. The data collected in this survey represented the demand-side information of the households surveyed.

      B. New Surveys planned by MoSPI

      MoSPI initiated preliminary activities for undertaking the following new surveys:

      1. Domestic Tourism Expenditure Survey
      2. National Household Travel Survey
      3. Health Survey
      4. Forward-Looking Survey on private sector CAPEX

      These surveys would fulfill the data requirement in respect of Ministry of Tourism, Ministry of Railways, Ministry of Health & Family Welfare and Department of Economic Affairs, Ministry of Finance. The field work for the Forward-Looking Survey on private sector CAPEX has commenced and for the remaining three surveys the field work would start in the year 2025.

      C. Advance Release Calendar for MoSPI

      The Advance Release Calendar of MoSPI has been published on MoSPI website by laying down the list of all the data releases/reports/publications of MoSPI scheduled during the year 2024-25. It includes planned dates for publishing/release of macro-economic indicators viz. GDP, IIP and CPI, Survey Reports viz. Periodic Labour Force Survey (PLFS), Household Consumer Expenditure Survey (HCES), Annual Survey of Industries (ASI), Annual Survey of Unincorporated Sector Enterprises (ASUSE), Time Use Survey (TUS) etc. and various publications/reports on socio-economic issues including Sustainable Development Goals (SDGs), Payroll Reporting, Women and Men in India, Infrastructure Sector Performance, Project Monitoring. All data releases/reports/publication have been made as per the calendar by MoSPI till date.

      D. Stakeholder engagement and feedback mechanism

      As part of the initiative towards strengthening the National Statistical System, MoSPI implemented a series of reform initiatives. The initiatives included continuous engagement and regular feedback from the data users and stakeholders, in order to improve data quality. Towards this, MoSPI organised a series of Data User Conferences with data users and stakeholders to take feedback from them and improve the statistical processes and products and promote effective utilization of official statistics and data for policymaking.

      1. Household Consumption Expenditure Survey (HCES) 2022-23 – 19 June 2024
      2. Annual Survey on Unincorporated Sector Enterprises (ASUSE) 2022-23 – 23 August 2024
      3. Periodic Labour Force Survey (PLFS) 2023-24 – 26 September 2024
      4. Annual Survey of Industries (ASI) 2022-23 – 5 Dec 2024

      MoSPI also organised Workshops/conferences/brainstorming sessions with stakeholders:

      1. To raise awareness about the upcoming enterprise surveys of MoSPI namely Annual Survey of Industries (ASI), Annual Survey of Unincorporated Sector Enterprises (ASUSE), Economic Census (EC), Annual Survey of Service Sector Enterprises (ASSSE) and CAPEX, on 12 Sep 2024, MoSPI organised a Conference with Business Associations on Upcoming Enterprise Surveys to engage with various trade groups, associations, and business organizations.
      2. To address the issue of non-response in Sample Surveys, on 20 Sep 2024, MoSPI organised a Brainstorming session on the issue of non-response to sample surveys particularly by high income groups/gated societies/ high-rise housing facilities. Discussions were held on various facets of issue of non-response in high income groups to develop strategies that encourage the aforementioned target population to contribute valuable data and build trust among them by educating on the importance of data and privacy policies.
      3. To explore potential enhancements in CPI Compilation Methodologies, another brainstorming session was organised by MoSPI on 20 Nov 2024, on the "Treatment of PDS items and other necessities in Household Consumption Expenditure Survey (HCES) & Consumer Price Index (CPI) compilation.
      4. All India Workshop of Trainers for Forward looking survey on private corporate sector Capex investment intentions was organised ion Pune on 26 Sep 2024 to facilitate the conduct of survey.
      5. All India Workshop of Trainers (AIWOT) for the NSS 80th Round of its Socio-Economic Survey during 10th & 11th December 2024 to facilitate the conduct of surveys to be done during the round. The subjects under coverage in this Round are Survey on Household Social Consumption: Health and Comprehensive Modular Survey on Telecom (CMS-T).

      E. Base revision of GDP, CPI and IIP

      MoSPI initiated the process for base revision of its macro-economic indicators viz. CPI, IIP and GDP and constituted Committees for the same and consultations of the Committees are underway.

      1. Advisory Committee on National Accounts Statistics (ACNAS) has been constituted in June 2024 to guide the base revision of GDP and related macroeconomic aggregates. The Committee in its meeting in August 2024 has suggested to rebase the estimates from 2011-12 to 2022-23. Accordingly, MoSPI has decided to rebase the GDP estimates to 2022-23.
      2. Five Sub-committees of the ACNAS have been constituted to guide on various aspects of base revision such as adoption of new data sources, methodological improvement, use of deflator/inflator, regional accounts and SNA 2025 adoption. Seven meetings of the sub-committees have been held till date.
      3. For CPI base revision, base price collection, preparation of weighting diagram & compilation methodologies has commenced and the new series is expected by February 2026.
      4. Additional data sources are being explored for inclusion in compilation/estimation of GDP, CPI as well as IIP.

      F. Data visualization and dissemination

      To fulfill its vision of enhanced user experience and data accessibility through cutting-edge technology has launched the eSankhyiki portal on Statistics Day 2024 i.e. 29 June 2024 This portal contains time series data of important macro indicators and a catalogue of major data assets of the Ministry and has two sections:

      1. Macro Indicators: This module offers time series data of key macro indicators with features for filtering, visualizations, API & Metadata enabling ease of access & management of data. The portal currently has more than 4.1 million records.
      2. Data Catalogue: All major data assets of the Ministry e.g. National Account Statistics, Consumer Price Index, Index of Industrial Production and NSS surveys are listed in the Data Catalogue at one place for ease of access. The Data Catalogue has approximately 2700 datasets along with specific metadata and visualization for each dataset.

      The is a single source for the Official Statistics and would facilitate data driven decision making as various indicators are readily available in a user-friendly format. It will facilitate ease of Data Management for Official Statistics in the Country. Through e-sankhyiki portal, the WPI data from DPIIT can also be accessed, which has been ingested through API provided by DPIIT.

      G. Publication on Social Sector Statistics

      During 2024, MoSPI released the following publications on Social Sector Statistics. 

      1. EnviStats India 2024: Environment Statistics (5 June 2024)

      The publication is based on Framework on Development of Environment Statistics (FDES 2013) prescribed by UNSD for compilation of environment statistics and provides information on the six fundamental components namely (i) Environmental Conditions and Quality; (ii) Environmental Resources and their use; (iii) Residuals (iv) Extreme Events and Disasters; (v) Human Settlements and Environmental Health; and (vi) Environment Protection, Management and Engagement. This publication is the seventh in the series.

      1. Women and Men in India 2023 (12 Aug 2024)

      MoSPI has been releasing the publication titled “Women and Men in India” since 1995. The 25th issue of its publication titled “Women and Men in India 2023 was released during 2024. The publication is a comprehensive and insightful document that attempts to bring a holistic view of the situation of women and men in India and provides data on a wide range of topics such as Population, Education, Health, Participation in Economy, Participation in Decision making etc. among others. It provides data disaggregated by gender, urban-rural divide, and geographical region, which helps to understand the disparities that exist between different groups of women and men.

      1. EnviStats India 2024: Environment Accounts (30 Sep 2024)

      (MoSPI compiled and released the 7th consecutive annual issue of the publication “EnviStats India: Environment Accounts” on 30 September 2024 in accordance with the SEEA (System of Environmental Economic Accounting) Framework which is an agreed international framework for the compilation of the Environment Economic accounts. The publication provides details on Environment Accounts of some selected ecosystems/assets in terms of their extent, condition and services derived from these ecosystems and provides an understanding on the linkages between the environment and the economy.

      H. Sustainable Development Goals (SDG) Reports

      MoSPI undertook the work related to setting up of milestones for SDG national indicators in consultation with the line Ministries.  In this context, ‘Review of Milestone Setting for SDGs National Indicators’ was organized with stakeholder Central Ministries/Departments on 16 August 2024. It will help in preparing India for progress assessment and improvement for further showcasing it at 2025 Comprehensive Review of the SDGs Global Indicator Framework.

      The following three SDG Reports have also been released during the year:

      1. Sustainable Development Goals – National Indicator Framework Progress Report, 2024
      2. Data Snapshot on Sustainable Development Goals – National Indicator Framework, Progress Report, 2024
      3. Sustainable Development Goals – National Indicator Framework, 2024

      I. Initiatives towards strengthening Statistical Coordination with Central Ministries/ Departments/States/UTs

      1. (a) 28th Annual Conference of Central and State Statistical Organizations

      MoSPI organized the 28th Conference of Central and State Statistical Organizations (CoCSSO) on the theme “Use of Data for Decision Making: Strengthening State Statistical Systems” on 12 and 13 August 2024. The conference provided an institutional platform for discussion and improved coordination between the Central and State Statistical organizations for enhancing the efficiency of the Indian Statistical System in a collaborative approach. The conference was attended by representatives of more than 30 Central Ministries/Departments, around 29 State/UT Governments, Organizations/ Institutions such as Reserve Bank of India (RBI), Indian Statistical Institute (ISI), Council of Scientific and Industrial Research (CSIR), Indian Agricultural Statistics Research Institute (IASRI), Indian Council of Agricultural Research (ICAR), PHD Chamber of Commerce & Industry (PHDCCI), International Agencies such as World Bank, UN agencies and other stakeholders.

      (b) In order to strengthen the statistical coordination between MoSPI and State Governments/UT Administration, MoSPI organized a meeting of State Secretaries (Planning & Statistics) on 14 Nov 2024. The meeting was attended by the State Secretaries (Planning & Statistics) of States, Officers from MoSPI including senior officers from State Capital ROs of NSO,  NITI Aayog, other representatives from State / UT Governments and representative from the World bank, etc.

      1. Formalization of the Roles and Responsibilities of Statistical Advisers (SAs)

      To strengthen institutional mechanism of statistical coordination with various Ministries/Departments, MoSPI delineated the roles and responsibility of Statistical Advisers in all Central Ministries on 16 August 2024. This will strengthen the statistical coordination of MoSPI with other Central Ministries/ Departments and help in further improvement of National Statistical System. Two workshops have been organized with Statistical Advisers/ Senior ISS officers posted in various Ministries/ Department on 29 August 2024 and 23 Dec 2024 for their sensitization and feedback.

      1. Creation of survey wise verticals in National Sample Survey (NSS)

      As a step towards improving the statistical survey processes and to release qualitative survey results/ reports in shortest possible time, MoSPI created two survey wise verticals / divisions in NSS. Moving from process-based system to a product-based system, MoSPI restructured its existing divisions / units i.e. Survey Design and Research Division (SDRD) and Data Processing Division (DPD) and Industrial Statistics (IS) Wing together as Household Survey Division (HSD) and Enterprise Survey Division (EnSD) respectively to provide turnkey services with respect to Enterprise and Household surveys.

      1. Delegation of Financial Powers to HODs in the Divisions / Units including Field Offices of MoSPI

      As part of the administrative reforms initiatives, on 06 Sep 2024, MoSPI revised its Delegation of Financial Powers and designated 71 Heads of Department (HOD) in the Zonal Offices/Regional Offices/ DPCs of MOSPI. This have been framed to empower and allow greater autonomy to the authorities at Zonal & Regional Offices and reduce bottlenecks and facilitate ease of doing business and timely disposal of financial matters.

      J. Research, Analysis and Innovation

      1. Setting up of Research and Analysis Unit

      A Research and Analysis Unit has been set up in MoSPI in February 2024 with an aim to encourage and facilitate research and analysis in the field of official Statistics. As part of the mandate to analyse publicly available datasets and share the findings of the analysis with government stakeholders as research and policy inputs, the unit has prepared three working papers on various subjects and shared research and policy inputs with the concerned Ministries/Departments.

      1. Data Innovation Lab

      A Data Innovation (DI) Lab has been operationalized in MoSPI on 23 July 2024 with the objective to promote innovation, adoption of Information Technology, improvement in methodology etc. in the field of Official Statistics. The lab would create an ecosystem for experimentation, offering of new ideas and their Proof-of-Concept through wider participation of stakeholders such as entrepreneurs start-ups, academic-research organizations and Institutes of National & International eminence etc.

      The guidelines and governance mechanism have been notified and available on the website of the Ministry. All the Ministries and department of the Government of India have been requested to send problem statement. Ten problem statements have been identified and placed on MoSPI website. MoUs have been signed with five reputed Institutes viz. IIM Nagpur, IIT Madras, IIIT Vadodara, IIIT, Delhi and IIT Gandhinagar during the year.

      K. Initiatives on Data Governance and statistical standards

      1. National Metadata Structure (NMDS 2.0)

      MoSPI issued a revised National Metadata Structure (NMDS 2.0) to Central Ministries/ Departments on 18 October 2024 for compliance to promote transparency and better understanding of Datasets. MoSPI has started collaborative effort with Ministry of Tourism (MoT), Ministry of Rural Development, Department of Chemicals & Petrochemicals, Department of Public Enterprises and Department of Financial Services for implementation of NMDS 2.0.

      1. Compilation of Global/National Statistical Standards/Codes

      MoSPI developed and circulated a list of 68 international and 9 National Statistical Standards amongst the Central Ministries/Departments in October 2024 for ensuring adherence to these standards/codes as applicable. Consultation with Ministries/Departments are underway for effective implementation of the same.

       

      1. Compilation of Common Unique Identifiers during Data Production processes

      MoSPI compiled and shared a list of common identifiers among Ministries/Departments in November 2024 to facilitate interoperability between data platforms. A meeting under the chairpersonship of Secretary, DARPG, was held on 13.11.2024 with the officials of MoSPI, to discuss the plausible means and modalities of linking administrative datasets of DARPG namely, BHAVISYA and CPGRAMS with e-HRMS, AADHAR etc. The initiatives would facilitate for interoperability between data platforms.

      1. Revision in release time of GDP/IIP/CPI

      MoSPI has revised the release time for the Consumer Price Index (CPI) and Index of Industrial Production (IIP) from 5:30 PM to 4:00 PM on 12th of every month (the next working day if the 12th falls on a holiday of CPI) and Previous working day if 12th falls on a holiday in case of IIP) to provide more time on the day of release to access CPI & IIP data. The Ministry has also revised the release time for the GDP estimates from 5.30 PM to 4.00 PM.

      L.  Infrastructure Project Monitoring

      1. Online Computerised Monitoring System (OCMS) Portal Projects and Infrastructure Monitoring

      To ensure prompt monitoring of Central Sector infrastructure projects, MoSPI has formulated a Concept Note to bring uniformity in the concepts and definitions used in calculating project monitoring parameters (Time and Cost overrun). Towards, this MoSPI has initiated the process of integration of its OCMS portal with IIG-PMG portal in close coordination with all line Ministries, DPIIT and DEA. The Common Upload Form (CUF) of IIG-PMG of DPIIT has been modified and development of new cloud-based application platform (new-OCMS) is being undertaken with features of data analytics, dashboards, GIS, Mobile application and report generation functionalities, providing a comprehensive and efficient solution for project monitoring. Project & Performance Monitoring Unit (PMU) has been established by this division with multi-disciplinary domain expertise for strengthening IPMD in terms of project and performance monitoring by providing high value technical outputs.

      1. Capacity Building for Project Planning and Management

      MoSPI has initiated quarterly training programs on ‘Project Planning and Management’ (Strategic-level and Operational-level) targeting mid-level and senior officers of pay level 10 to 14 from Line Ministries, Departments, and CPSEs, at the premier IITs and IIMs. The primary objectives are to enhance awareness of project management practices, provide a collaborative platform for sharing ideas and best practices and emphasize the critical importance of accurate data reporting.

      M. Members of Parliament Local Area Development Scheme (MPLADS)

      The fund flow system in MPLAD Scheme administered by this Ministry was revised and new MPLADS Guidelines and web-solution in the form of eSAKSHI Portal was launched in Feb 2023. On 16 Jan 2024, Hon’ble Minister of State (I/C) of the MoSPI, Rao Inderjit Singh launched the mobile APP for eSAKSHI portal, which enables Hon'ble Members of Parliament to recommend works under the scheme through the app. The mobile app was launched for other stakeholders viz. States/UT Authorities, District Authorities and Implementing Agencies on 02 August 2024. A functionality to the users has also been provided to suggest works in their constituencies and also review the works done in their constituencies.

      N. Statistics Day Celebrations, 2024

      Statistics Day 2024 was celebrated on 29 June 2024 with a focus on the theme ‘Use of Data for Decision Making’. The main objective of celebrating Statistics Day is creation of public awareness, especially among the younger generation, on the role and importance of statistics in socio-economic planning and policy formulation for development of the country.

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