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    CBI arrests 'absconding' IRS officer in Rs 40-lakh bribery case
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September 21, 2026
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Rural infrastructure financing supports irrigation, roads, water supply, warehousing and micro-irrigation through structured lending and implementation oversight.
Haryana's 2026-27 rural infrastructure financing plan comprises six proposals for irrigation, roads, drinking-water supply and warehousing, with loan assistance proposed under the Rural Infrastructure Development Fund. Infrastructure Development Assistance has been sanctioned for the India International Horticulture Market, while further micro-irrigation proposals have been recommended under the Micro Irrigation Fund. Implementation oversight emphasises faster project execution and timely drawal claims, alongside borrowing approval and prospective support for water security, groundwater recharge, efficient irrigation and treated-wastewater reuse.
September 21, 2026
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Money laundering allegations in illegal cricket betting prompted investigative custody and examination of suspected routing of betting proceeds.
Money-laundering investigation into an organised illegal cricket-betting syndicate concerns the alleged use of online platforms, encrypted messaging channels, and a principal bookie to solicit, accept, and settle bets. Betting-derived funds were allegedly routed through a partnership firm represented as non-operational, whose account recorded substantial corresponding credits and debits. Property and vehicle records, digital data, and statements under the PMLA are relied upon to allege the acquisition, possession, use, transfer, and projection of proceeds of crime as untainted property.
September 21, 2026
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Money laundering allegations concern foreign portfolio investments, alleged share-price manipulation, attachment, and proposed confiscation of betting proceeds.
PMLA proceedings name Nishant Pitti in relation to allegations that proceeds from illegal online betting were introduced into Indian equity markets as foreign portfolio investments. The allegations attribute to him a role in facilitating and layering such proceeds through pre-arranged share-price manipulation involving Easy Trip Planners Ltd. Property action includes provisional attachment of his DEMAT shares, described as proceeds of crime, and a request for confiscation.
September 21, 2026
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National accounts modernisation adopts updated data sources, revised sector methods, and proportional Denton benchmarking for improved GDP estimates.
National Accounts Statistics in the new series use base year 2022-23, replacing the 2011-12 series. The series was updated to reflect changes flowing from the new Producer Price Index and Index of Industrial Production series. Methodological modernization expands corporate and financial-sector data coverage, refines general-government treatment, and adopts direct household-sector estimation from the Annual Survey of Unincorporated Sector Enterprises and the Periodic Labour Force Survey. Private Final Consumption Expenditure adopts COICOP 2018, while Quarterly National Accounts use the Proportional Denton approach and greater Goods and Services Tax and administrative-data use.
September 21, 2026
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Electoral roll verification requires unmapped voters to establish linkage or submit prescribed documents before final enrolment.
Special Intensive Revision of Nagaland's electoral roll applies a mapping and verification process by reference to the 2005 electoral roll. Electors recorded under no-mapping or mapping-anomaly categories, including persons unable to establish linkage to an elector in the 2005 roll, are to receive notices from Electoral Registration Officers or Assistant Electoral Registration Officers. They must furnish prescribed supporting documents, calibrated to their date or year of birth, for verification. Non-registration in the 2005 roll does not itself cause automatic exclusion.
September 21, 2026
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Trade pact negotiations and Russian energy tariffs shape market-access commitments and potential import-duty exposure for exporters.
India and Canada have accelerated negotiations for a Comprehensive Economic Partnership Agreement to establish a bilateral trade framework for goods and services. A United States law concerning sanctions on Russia and Iran authorises tariffs of up to 100 per cent on imports from leading purchasers of Russian crude oil or natural gas, creating potential tariff exposure for Indian exports. The India-European Union trade pact contemplates immediate duty elimination on 90 per cent of Indian goods and phased elimination on a further three per cent over seven years, subject to ratification.
September 21, 2026
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Semiconductor ecosystem policy requires predictable regulation, integrated clusters, and coordinated support to convert domestic demand into local value creation.
Semiconductor ecosystem development in India is centred on converting expanding domestic demand into local manufacturing, innovation and supply-chain resilience. A predictable fiscal and regulatory environment, alignment of central and state semiconductor policies, integrated manufacturing clusters and talent-certification programmes are important to project viability and commercialisation. Advanced packaging, compound semiconductors, photonics and chip-to-system integration offer high-potential areas, requiring policy certainty, streamlined approvals and long-term support for research, talent and supplier development.
September 21, 2026
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Legal and NPA advisory services receive recognition for social welfare, women's employment, legal awareness, and financial dispute-resolution work.
Felicitation of Advocate V. K. Dubey recognised his stated work in women's employment, public welfare, banking, NPA resolution, legal awareness, and social service. His profile encompasses civil, criminal, non-performing asset, banking, corporate, and settlement matters; leadership of bodies engaged in financial-dispute resolution; and legal assistance and public awareness intended to improve access to justice for marginalised persons. Associated initiatives include education and support for disadvantaged communities and wider social empowerment.
September 21, 2026
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Rupee appreciation reflected lower crude oil prices, stronger domestic equities, and improved risk sentiment amid diplomatic expectations.
Rupee appreciation against the US dollar followed lower crude oil prices, improved global risk sentiment, positive domestic equity markets, and softer US Treasury yields. Dollar index strength, geopolitical developments, and possible increases in oil supplies remained relevant to currency movements. Market commentary anticipated a slight positive rupee bias if crude oil prices continued to ease, while renewed geopolitical tensions could weaken risk sentiment. Net foreign institutional investment and a decline in foreign exchange reserves also formed part of the market context.
September 21, 2026
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Reciprocal tariffs and AI incident notifications frame bilateral talks on trade, security, technology and arms sales.
US sanctions legislation authorises the President to impose tariffs, including up to 100 per cent, on countries purchasing Russian oil and gas. China rejects tariffs directed at its Russian energy purchases and opposes unilateral sanctions and long-arm jurisdiction absent an international-law basis or a UN Security Council mandate. Washington and Beijing are also negotiating a reciprocal tariff-reduction framework covering products from both sides.
September 21, 2026
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Gold recycling and financialisation can reduce import dependence by mobilising household holdings through exchange, credit and non-physical investment.
Organised gold recycling, responsible sourcing, gold loans and financialised gold products are identified as ways to reduce reliance on fresh gold imports. Exchanging old jewellery can meet retail demand from existing domestic holdings, while gold loans unlock credit without requiring households to sell their gold. Gold ETFs and digital gold permit exposure to gold's value without physical possession and may reduce physical import demand. Transparency, trust and supporting infrastructure are necessary to integrate household gold into an organised formal economy.
September 21, 2026
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Tribunal infrastructure and member vacancies: amenities assessment and bench-level data collection address reduced sittings across company-law benches.
The Supreme Court required the Central Government urgently to identify, in consultation with the Tribunal President, infrastructural amenities needed by tribunal benches. The Principal Bench Bar Association was required to compile tabulated infrastructure data for every regional bench. At least 18 benches were asserted to conduct half-day sittings because of member shortages, against a sanctioned complement that remained unchanged despite expanded insolvency jurisdiction.
September 21, 2026
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Duty-free access for Indian exports under the India-New Zealand trade agreement begins with its entry into force.
The India-New Zealand Free Trade Agreement will grant duty-free access in New Zealand to all Indian exports, displacing existing peak tariffs on products such as ceramics, carpets, automobiles, and auto components. Scheduled to enter into force on 20 October 2026, the agreement also includes New Zealand's long-term investment commitment in India.
September 21, 2026
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Tariff sanctions and AI trade consultations examine reciprocal tariff reduction amid energy-purchase measures and objections to unilateral sanctions.
Expanded sanctions and tariff measures form the immediate trade-policy backdrop. The Lindsey O. Graham Sanctioning Russia and Iran Act of 2026 authorises expanded sanctions and tariffs targeting Russia and countries that buy its energy exports. China contests the application of tariffs to its purchases and opposes long-arm jurisdiction and unilateral sanctions asserted without a basis in international law or a UN Security Council mandate. Parallel negotiations contemplate a reciprocal tariff-reduction arrangement.
September 21, 2026
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Rupee appreciation in early trade reflects lower crude prices and stronger domestic equities despite dollar demand.
Rupee appreciation in early interbank trading saw the currency strengthen by 24 paise to 95.72 per US dollar. Lower Brent crude prices, gains in domestic equities and improved foreign fund sentiment supported the currency, while importer demand for dollars and broader US-dollar strength limited gains. Market commentary identified a broad near-term trading range, and foreign-exchange reserves declined because foreign-currency and gold reserves fell.
September 21, 2026
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Digital signature compatibility requires updated signing software for newly issued tokens, while functioning existing certificates remain usable until expiry.
Digital-signature users with tokens issued on or after 21 September 2026 must install emSigner v3.3, while users whose existing certificates and tokens function normally may retain their current version. Version 3.3 supports existing tokens and is required where signing fails or certificates cannot be selected despite correctly installed drivers. Certificates downloaded to FIPS 140-2 dongles on or before that date remain valid until expiry; later renewal or fresh issuance generally requires FIPS 140-3 dongles, subject to specified exceptions.
September 21, 2026
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Private capital mobilisation for development financing requires predictable investment conditions, credible projects, fiscal transparency, and strengthened State capital expenditure.
Development financing for Viksit Bharat is framed as a joint Union-State and private-sector task requiring higher savings and investment, fiscally resilient public finances, and mechanisms to mobilise private capital. Fiscal sustainability requires State-wise debt assessments and fuller disclosure of off-budget borrowings, guarantees, arrears and borrowings through State-owned entities. Public resources are expected to play a catalytic role in attracting private investment, supported by predictable rules, enforceable contracts, faster dispute resolution and stronger investment protections.
September 21, 2026
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PMLA-IBC interface examines challenges in harmonising insolvency resolution with money-laundering asset attachment, investigation, tracing and enforcement.
The PMLA-IBC interface addresses reconciliation of insolvency resolution with anti-money-laundering enforcement where corporate debtor assets are attached during resolution. Section 32A is central to this interaction, although harmonised implementation remains challenging. The framework also considers money-laundering stages, hawala transactions, financial investigation, asset tracing, and evolving judicial approaches to aligning insolvency objectives with enforcement measures.
September 21, 2026
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Evolving insolvency law relies on legislative amendments and regulatory mechanisms to respond effectively to changing market conditions.
Subordinate legislation and regulatory mechanisms are important tools for maintaining responsiveness within the insolvency framework. Regulations may be framed for provisions of the Code and for fulfilment of its purposes and objectives, enabling practical responses to emerging issues. The interaction between primary legislation, regulations and market developments supports continuing refinement of insolvency law in line with changing conditions.

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INDIA'S SCHOOL EDUCATION SYSTEM SERVES 24.8 CRORE STUDENTS ACROSS 14.72 LAKH SCHOOLS WITH 98 LAKH TEACHERS: ECONOMIC SURVEY 2024-25

January 31, 2025

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PERCENTAGE OF SCHOOLS HAVING COMPUTERS INCREASED FROM 38.5 % IN 2019-20 TO 57.2 % IN 2023-2024: ECONOMIC SURVEY

PERCENTAGE OF SCHOOLS HAVING INTERNET FACILITY INCREASED FROM 22.3 % IN 2019-20 TO 53.9 % IN 2023-2024

SCHOOL DROPOUT RATES HAVE STEADILY DECLINED IN RECENT YEARS, STANDING AT 1.9 % FOR PRIMARY, 5.2 % FOR UPPER PRIMARY AND 14.1 % FOR SECONDARY LEVELS

INTEGRATION OF TECHNOLOGY (ARTIFICIAL INTELLIGENCE) ESSENTIAL IN ADDRESSING RAPIDLY EVOLVING DYNAMICS OF EDUCATION SYSTEM

TOTAL HIGHER EDUCATION INSTITUTIONS (HEIS) INCREASED BY 13.8 PER CENT FROM 51,534 IN 2014- 15 TO 58,643 IN 2022-23

ECONOMIC SURVEY HIGHLGHTS INNOVATION LIKE PEER TEACHING TO ATTAIN FINANCIAL LITERACY AND NUMERACY TARGETS

Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman tabled the Economic Survey 2024-25 in the Parliament today. The Survey stated that education and human capital development are among the foundational pillars of development and the National Education Policy 2020 (NEP) is built upon this principle.

 SCHOOL EDUCATION

The Survey highlights that India's school education system serves 24.8 crore students across 14.72 lakh schools with 98 lakh teachers (UDISE+ 2023-24). Government schools comprises 69 % of the total, enrolling 50 % of students and employing 51 % of teachers, while private schools account for 22.5 %, enrolling 32.6 % of students and employing 38 % of teachers.

The Survey highlights that NEP 2020 aims for a 100 % Gross Enrolment Ratio (GER) by 2030. The GER is near universal at the primary (93 %) and the efforts are underway to bridge the gaps at the secondary (77.4 %) and higher secondary level (56.2 %), driving the nation closer to its vision of inclusive and equitable education for all.

The Survey says school dropout rates have steadily declined in recent years, standing at 1.9 % for primary, 5.2 % for upper primary, and 14.1 % for secondary levels.

Improvements in basic facilities, including sanitation, and information and communication technologies (ICT) availability, have been notable, reflecting a positive trend in school infrastructure development. As per UDISE+ 2023-24 Report, the percentage of schools having computers increased from 38.5 % in 2019-20 to 57.2 % in 2023-2024. Similarly, percentage of schools having internet facility increased from 22.3 % in 2019-20 to 53.9 % in 2023-2024.

The Government has been striving to achieve the objectives of NEP 2020 through a range of programmes and schemes, including the Samagra Shiksha Abhiyan (along with its sub-schemes such as NISHTHA, Vidya Pravesh, District Institutes of Education and Training (DIETs), Kasturba Gandhi Balika Vidyalaya (KGBV), etc.), DIKSHA, STARS, PARAKH, PM SHRI, ULLAS, and PM POSHAN, among others.

The Survey mentions that to strengthen the Early Childhood Care and Education (ECCE) landscape, the Government launched the National Curriculum for ECCE, Aadharshila, and the National Framework for Early Childhood Stimulation, Navchetana, in April 2024. Navchetana focuses on holistic development for children from birth to 3 years, offering 140 age specific activities through a 36-month stimulation calendar. Aadharshila promotes play-based learning with over 130 activities for children aged 3 to 6 years that support child-led and educator-led learning. 

Building strong foundations through literacy and numeracy

NEP 2020 stipulates that Foundational Literacy and Numeracy (FLN) is critical for education and lifelong learning success. In this direction, the Department of School Education & Literacy launched the National Mission, “National Initiative for Proficiency in Reading with Understanding and Numeracy (NIPUN Bharat) to ensure that every child in the country necessarily attains FLN by the end of Grade 3, by 2026-27. The education system is deploying innovative pedagogies and teaching methods to ensure that every child achieves FLN. The Survey mentioned one such innovation, viz, Peer Teaching as a pathway for achieving FLN.

 Empowering minds: Unlocking potential with social and emotional learning

The Survey states that ECCE under NEP 2020 aims to achieve foundational literacy and socio-emotional development.  The Survey discusses the importance of Social-Emotional Learning (SEL) in education, providing examples of how the pedagogy can be developed to incorporate socio-emotional-ethical development in the school curriculum.

The importance of skill education in schools has grown significantly with the advent of Industry 4.0, a highly dynamic and skill-intensive era defined by automation, artificial intelligence (AI), Internet of things (IoT), big data, and robotics.

Bridging the gap: Digital technology in education and the essentiality of digital literacy

Digital literacy ensures that students remain competitive by mastering skills like analyzing, synthesizing, and communicating digital information. The rapid pace of technological change requires educators to stay up-to-date on new digital trends and teaching methods. In an effort to leverage technology towards enhancing the capabilities of educators and preparing them for the demands of the 21st century, the government has launched TeacherApp, a cutting-edge digital platform.

The incorporation of technology presents cost-effective solutions, making quality education more accessible and inclusive for a broader population. To improve education systems, technology integration may be focused on three key areas: using AI for teacher development and student tutoring, integrating industry-relevant skills and certifications, and creating personalized learning software, said the Survey.

Investments in skills, research, innovation ecosystems, government-academic partnerships, and faculty development are pivotal for efficiently delivering education services and improving learning outcomes, states Economic Survey 2024-25.

Children with Special Needs (CwSN): Developing a culture of inclusivity

Under Samagra Shiksha, dedicated funds have been allocated to support CwSN through aids and appliances, assistive devices, allowances, Braille materials, and therapeutic interventions including infrastructure strengthening. Infrastructure improvements include ramps in 11.35 lakh schools, handrails in 7.7 lakh, and accessible toilets in 5.1 lakh schools.

HIGHER EDUCATION

The Survey mentions that India's higher education system ranks among the largest globally, with 4.33 crore students enrolled in 2021-22, a 26.5 % increase from 3.42 crore in 2014-15. The GER for the 18–23 age group also increased from 23.7 % to 28.4 % during this same period (2014-15 to 2021-22). To achieve the government’s goal of increasing GER to 50 per cent by 2035 in higher education, there is a need to double the educational network and infrastructure.

The Survey highlights that over the years, there has been a significant transformation in higher education ecosystem. Total Higher Education Institutions (HEIs) increased by 13.8 per cent from 51,534 in 2014- 15 to 58,643 in 2022-23, the Survey added. 

 

2014

2023

Indian Institutes of Technology

16

23

Indian Institutes of Management

13

20

Universities

723

1213 in 2024

Medical colleges

387 in 2013-14

780 in 2024-25

By 2040, all HEIs are to become multidisciplinary institutions. The measures to achieve this aim include greater opportunities for outstanding public education; scholarships by private/philanthropic universities for disadvantaged and underprivileged students; online education and Open Distance Learning (ODL); and all infrastructure and learning materials accessible and available to learners with disabilities. The National Education Policy calls for making ‘India a global knowledge superpower, Stated the Economic Survey 2024-25.

The Survey states that the effective implementation of NEP 2020 requires collaboration across the centre, states, UTs, HEIs, and regulatory bodies. 

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