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    An Approach Paper on Expanding the scope and coverage for the Index of Services Production
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October 7, 2026
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Index of Services Production expansion proposes broader service-sector coverage through education, health, residential care, public administration and defence.
The Index of Services Production is proposed to expand beyond its initial formal-sector coverage, which relies on high-frequency administrative data and GST outward-supplies data. Education, Human Health and Residential Care, and Public Administration and Defence are proposed for inclusion. Their incorporation would increase coverage of services-sector Gross Value Added and support aggregation of sub-sectoral indices into a unified measure of short-term services-sector movements. Stakeholder views are invited on the proposed methodology.
October 7, 2026
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Cross-border gold smuggling enforcement addresses concealed foreign-origin gold transport through customs seizure, arrest, and investigation of organised networks.
Intelligence-led customs enforcement targeted cross-border gold smuggling through surveillance and interception of four persons travelling from a border route. Personal searches recovered foreign-origin gold biscuits concealed in specially tailored cloth waist belts. Seventy-two gold biscuits were seized under relevant provisions of the Customs Act, 1962, and the four persons were arrested. Investigation continues into organised networks and wider syndicates involved in the movement and distribution of smuggled gold.
October 6, 2026
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Financial inclusion drives digital lending, insurance claim awareness, portal enrolment, and banking access for marginalised sections.
Banks were urged to expand brick-and-mortar branches and banking correspondent coverage in unbanked villages, strengthen digital outreach, and implement end-to-end digital loan processing. Working-capital lending for micro-enterprises through UPI-linked credit lines and credit cards was highlighted. Banks were also directed to increase awareness of insurance claim eligibility, exercise care in claim-related grievance handling, and enrol new PMJJBY and PMSBY beneficiaries through the Jan Suraksha portal.
October 6, 2026
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SME growth equity fund targets scalable enterprises, prioritising manufacturing and industrial clusters to strengthen investment, productivity and competitiveness.
Union Cabinet approval commits Rs.10,000 crore towards establishment of the SME Growth Fund as an Alternative Investment Fund framework for direct equity investment in small and medium enterprises. The initiative is intended to catalyse long-term, patient growth capital for SMEs and address the identified shortage of equity financing for enterprises beyond the early stage, where existing equity-support funds predominantly serve micro and early-stage businesses.
October 6, 2026
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Integrated transport planning framework establishes an SPV for national master planning, major-project appraisal, monitoring, and transport data analytics.
Integrated Transport & Logistics Authority will function as a special purpose vehicle for integrated transport and logistics planning, research, technical project appraisal, monitoring, policy support and data analytics. It will prepare a long-term National Transport Master Plan, assess sectoral and annual plans for alignment and multimodal integration, technically appraise and monitor specified major infrastructure projects, and undertake impact assessments. It will also maintain a unified transport data repository and support logistics-policy review, capacity building, training, skilling, research and innovation.
October 6, 2026
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Corporate social responsibility should shift from statutory compliance to needs-based, evidence-led collaboration with impact assessment and technology-enabled monitoring.
CSR is grounded in trusteeship and in companies' responsibilities to employees, communities and the environment, rather than shareholders alone. The framework includes the Unspent CSR Account, multi-year projects, certification of fund utilisation and impact assessment. CSR is intended to leverage corporate resources, technology and expertise, rather than merely supplement public expenditure. Needs-based project selection, community participation, need and social-impact assessment, implementing-agency capacity, resource pooling and technology-enabled monitoring are emphasised to move from compliance and spending towards evidence-based transformation.
October 5, 2026
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Financial stability requires targeted oversight and system-wide resilience against interconnected debt, leverage, cyber, technology, and cross-border shocks.
Financial stability is pursued by strengthening resilience rather than preventing every shock. The framework combines prudent regulation, risk-based supervision, stress testing, countercyclical macroprudential measures, targeted temporary liquidity assistance and resolution. Monetary policy remains directed to price stability, while financial-stability risks are addressed through regulatory, supervisory and macroprudential tools. System-wide resilience requires sound banks and NBFCs, reliable payment and technology infrastructure, robust data on interconnected exposures, scenario analysis, credible safety nets, and proactive proportionate oversight of cyber, model and third-party risks.
October 5, 2026
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Drug-abuse prevention awareness promotes informed refusal, resistance to peer pressure, community participation, drug-de-addiction pledges, and healthy drug-free lifestyles.
Drug-abuse prevention awareness in opium-cultivation areas focused on the harms of opium, cannabis and other illicit drugs, informed refusal at first exposure, resistance to peer pressure, and prevention of progression from use to dependence. Programmes for students, cultivators and residents used interactive sessions, campaign banners, community pledges, Gram Sabha participation and cleanliness drives to promote healthy drug-free lifestyles, community participation and collective action against addiction.
October 5, 2026
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WASH-focused social bond financing mobilises capital for safe water, sanitation and hygiene access in rural and underserved communities.
NABKISAN Finance Limited listed India's first social bond dedicated exclusively to water, sanitation and hygiene on the National Stock Exchange. The five-year issue raised Rs. 180 crore, carries an 8.10% coupon, matures in September 2031, and holds domestic AAA stable credit ratings. Proceeds are earmarked for safe water, sanitation and hygiene solutions in rural and underserved communities.
October 5, 2026
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NDPS Act drug-trafficking enforcement enabled seizures of amphetamine, cocaine and heroin through intelligence-led interceptions and concealed-consignment detection.
NDPS Act enforcement involved three intelligence-led operations addressing trafficking of amphetamine, cocaine and heroin. Searches of a vehicle's spare tyre, chocolate tubes in cabin baggage, and a backpack carried in a car-pooling taxi revealed concealed substances that tested positive through field-testing kits. The amphetamine, cocaine and heroin were seized, along with the vehicle in the amphetamine operation, and five persons were arrested under the NDPS Act, 1985.
October 3, 2026
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Multistate GST registration enables normal taxpayers to submit common information once for simultaneous State and UT applications.
Multistate Registration enables normal taxpayers seeking GST registration under the same PAN in more than one State or Union Territory to apply simultaneously. A Master TRN is generated after selection of the intended jurisdictions and must be submitted with Common Registration Information. Individual TRNs are then generated for each selected jurisdiction, with common information auto-populated and editable. Applicants must provide principal and additional places of business, State-specific information, and Aadhaar authentication.
October 3, 2026
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Private corporate CAPEX survey collects forward investment data through secure self-reporting while protecting enterprise-level confidentiality.
CAPEX 2026 collects information from selected large private corporate enterprises on past, provisional and intended capital expenditure across asset groups and sectors, including investment strategies, financing, green energy and robotics. Responses are self-compiled through a secure portal with bilingual and digital assistance. Complete, accurate and timely reporting supports validation and aggregate investment indicators. Individual enterprise information is protected through confidentiality safeguards, and unit-level CAPEX data are not disseminated.
October 3, 2026
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International trade negotiations training addressed WTO rules, dispute settlement, sustainability, trade remedies, digital trade, and services.
Trade-negotiation capacity-building introduced foundational trade theory and the WTO framework, followed by instruction on treaty interpretation, trade data and dispute settlement. Specialised sessions addressed trade remedies, rules of origin, non-tariff measures, intellectual property rights, digital trade and services. It also considered labour, environmental and sustainability issues, including carbon border adjustment and deforestation requirements, within an increasingly complex global trade environment.
October 3, 2026
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Food security safeguards distinguish transparent public stockholding measures from coercive trade actions within multilateral trade cooperation.
India maintains public stockholding, procures food from small and marginal farmers, and may adopt temporary, transparent measures during harvest shortfalls to preserve food availability and affordability. These food-security measures are identified as recognised within the WTO framework. A distinction is advanced between legitimate food-security interventions and coercive trade actions used to exert pressure on other countries. G20 Trade Ministers reached consensus on a statement addressing the weaponization of food through coercive trade actions and committed to continued cooperation.
October 3, 2026
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Insolvency resolution reform prioritises timely, value-maximising outcomes through technology adoption, mediation, and legislative responsiveness across the insolvency ecosystem.
The Insolvency and Bankruptcy Code seeks faster, value-maximising resolutions through legislative responsiveness, technology adoption and adherence to prescribed timelines. Reform priorities include reducing case-disposal delays, speeding consideration of resolution plans, revising admission thresholds, mediation and sector-specific carveouts. The framework is associated with creditor recoveries, rescue of viable businesses and changed debtor-creditor behaviour.
October 3, 2026
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Drug abuse prevention awareness promotes student education, peer outreach, and youth responsibility for a drug-free society.
Operation Jagriti promotes drug abuse and addiction awareness among students by addressing the harmful effects of substance use and practical prevention measures. Students are encouraged to avoid drugs, spread prevention awareness among peers and communities, and contribute responsibly to the Nasha Mukt Bharat objective of a drug-free India.
October 3, 2026
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Forced-labour border measures require verifiable evidence, due process and WTO consistency while preserving cooperation without unilateral trade action.
Global trade distortions should be addressed through WTO-consistent, evidence-based anti-dumping and countervailing measures, without restricting developing countries' policy space for industrialisation. Most-Favoured-Nation treatment, consensus decision-making, special and differential treatment, and a two-tier dispute-settlement system remain central to multilateral trade governance. Imports produced using forced labour are prohibited, while border measures must rely on specific, verifiable evidence, observe due process and WTO rules, and avoid presumptions concerning entire countries, regions or sectors.
October 3, 2026
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Export-led market access for Makhana expands overseas buyer linkages, supports higher producer returns, and promotes European market diversification.
Export-oriented market access for Bihar's Makhana is being expanded through a facilitated shipment of popped Makhana from Purnea to Greece. APEDA's support connects producers and exporters with international buyers and strengthens the export value chain. Higher price realisation than domestic selling prices indicates scope for improved producer returns, wider farmer and producer-group participation, and diversification into European markets. Export promotion is linked to a proposed Agri Export Policy and packhouse development.
October 3, 2026
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FPO-led export market access links processed food producers with global buyers and strengthens agricultural value-chain participation.
APEDA facilitated an FPO-led export of frozen food products to Canada by Aterna Foods Producer Company Limited, with support under its Financial Assistance Scheme. The export included frozen vegetables, sweet corn, samosa and other processed food products. Market-linkage initiatives connect Farmer Producer Organisations and Farmer Producer Companies with exporters and global buyers, promoting export-oriented value chains and integrating agricultural produce with processing and international markets.
October 3, 2026
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RELIEF timeline extension preserves credit-insurance support and premium protection for exporters facing West Asia maritime disruptions.
Component II of the RELIEF intervention extends operational timelines for exporters affected by West Asia maritime-logistics disruptions. It encourages eligible exporters to obtain ECGC cover for upcoming shipments to specified regions with 95% risk coverage. Benefits apply to qualifying Stand Alone Policies and Whole Turnover Policies, covering full container load, less than container load, and reefer containers, but excluding energy shipments. Eligible exporters' insurance premium cannot increase beyond the pre-disruption level during the relevant period.

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Trump says he wants to negotiate about Ukraine. It's not clear if Putin really does

February 8, 2025

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Moscow, Feb 8 (AP) Nearly three years after President Vladimir Putin invaded Ukraine, his troops are making steady progress on the battlefield. Kyiv is grappling with shortages of men and weapons. And the new US president could soon halt Ukraine's massive supply of military aid.

Putin is closer than ever to achieving his objectives in the battle-weary country, with little incentive to come to the negotiating table, no matter how much US President Donald Trump might cajole or threaten him, according to Russian and Western experts interviewed by The Associated Press.

Both are signalling discussions on Ukraine -– by phone or in person -– using flattery and threats.

Putin said Trump was “clever and pragmatic,” and even parroted his false claims of having won the 2020 election. Trump's opening gambit was to call Putin “smart” and to threaten Russia with tariffs and oil price cuts, which the Kremlin brushed off.

Trump boasted during the campaign he could end the war in 24 hours, which later became six months. He's indicated the US is talking to Russia about Ukraine without Kyiv's input, saying his administration already had “very serious” discussions.

He suggested he and Putin could soon take “significant” action toward ending the war, in which Russia is suffering heavy casualties daily while its economy endures stiff Western sanctions, inflation and a serious labour shortage.

But the economy has not collapsed, and because Putin has unleashed the harshest crackdown on dissent since Soviet times, he faces no domestic pressure to end the war.

“In the West, the idea came from somewhere that it's important to Putin to reach an agreement and end things. This is not the case,” said Fyodor Lukyanov, who hosted a forum with Putin in November and heads Moscow's Council for Foreign and Defense policies.

Talks on Ukraine without Ukraine Ukrainian President Volodymyr Zelenskyy says Putin wants to deal directly with Trump, cutting out Kyiv.

That runs counter to the Biden administration's position that echoed Zelenskyy's call of “Nothing about Ukraine without Ukraine." “We cannot let someone decide something for us,” Zelenskyy told AP, saying Russia wants the “destruction of Ukrainian freedom and independence.” He suggested any such peace deal would send the dangerous signal that adventurism pays to authoritarian leaders in China, North Korea and Iran.

Putin appears to expect Trump to undermine European resolve on Ukraine. Likening Europe's leaders to Trump's lapdogs, he said Sunday they will soon be “sitting obediently at their master's feet and sweetly wagging their tails” as the US president quickly brings order with his ”character and persistence." Trump boasts of his deal-making prowess but Putin will not easily surrender what he considers Russia's ancestral lands in Ukraine or squander a chance to punish the West and undermine its alliances and security by forcing Kyiv into a policy of neutrality.

Trump may want a legacy as a peacemaker, but “history won't look kindly on him if he's the man who gives this all away,” said Sir Kim Darroch, British ambassador to the US from 2016-19. Former NATO spokesperson Oana Lungescu said a deal favoring Moscow would send a message of "American weakness.” Echoes of Helsinki Trump and Putin last met in Helsinki in 2018 when there was “mutual respect” between them, said former Finnish President Sauli Niinistö, the summit host. But they are “not very similar,” he added, with Putin a “systematic” thinker while Trump acts like a businessman making “prompt” decisions.

That could cause a clash because Trump wants a quick resolution to the war while Putin seeks a slower one that strengthens his military position and weakens both Kyiv and the West's political will.

Zelenskyy told AP that Putin "does not want to negotiate. He will sabotage it.” Indeed, Putin has already raised obstacles, including legal hurdles and claimed Zelenskyy has lost his legitimacy as president.

Putin hopes Trump will “get bored” or distracted with another issue, said Boris Bondarev, a former Russian diplomat in Geneva who quit his post after the invasion.

Russian experts point to Trump's first term when they said Putin realized such meetings achieved little.

One was a public relations victory for Moscow in Helsinki where Trump sided with Putin instead of his own intelligence agencies on whether Russia meddled in the 2016 election. Another was in Singapore in 2019 with North Korean leader Kim Jong Un when he failed to reach a deal to halt Pyongyang's nuclear programme.

Previous peace talks The Kremlin last year said? a draft peace agreement ?that Russia and Ukraine negotiated in Istanbul early in the conflict — but which Kyiv rejected — could be the basis for talks.? It demanded Ukraine's neutrality, stipulated NATO deny it membership, put limits on Kyiv's armed forces and delayed talks on the status of four Russian-occupied regions that Moscow later annexed illegally.? Moscow also dismissed? demands to withdraw its troops, pay compensation to Ukraine and face an international tribunal for its action.

Putin hasn't indicated he will budge but said “if there is a desire to negotiate and find a compromise solution, let anyone conduct these negotiations.” “Engagement is not the same as negotiation,” said Sir Laurie Bristow, British ambassador to Russia from 2016-20, describing Russia's strategy as “what's mine is mine. And what's yours is up for negotiation.” Bondarev also said Putin sees negotiations only as a vehicle “to deliver him whatever he wants," adding it's “astonishing” that Western leaders still don't understand Kremlin tactics.

That means Putin is likely to welcome any meeting with Trump, since it promotes Russia as a global force and plays well domestically, but he will offer little in return.

What Trump can and can't do Trump said Zelenskyy should have made a deal with Putin to avoid war, adding he wouldn't have allowed the conflict to start if he had been in office.

Trump has threatened Russia with more tariffs, sanctions and oil price cuts, but there is no economic “wonder weapon” that can end the war, said Richard Connolly, a Russian military and economic expert at London's Royal United Services Institute.

And the Kremlin is brushing off the threats, likely because the West already has heavily sanctioned Russia.

Trump also can't guarantee Ukraine would never join NATO, nor can he lift all Western sanctions, easily force Europe to resume importing Russian energy or get the International Criminal Court to rescind its war crimes arrest warrant for Putin.

Speaking to the Davos World Economic Forum, Trump said he wants the OPEC+ alliance and Saudi Arabia to cut oil prices to push Putin to end the war. The Kremlin said that won't work because the war is about Russian security, not the price of oil. It also would harm US oil producers.

“In the tradeoff between Putin and domestic oil producers, I'm pretty sure which choice Trump will make,” said Alexandra Prokopenko, a fellow at the Carnegie Russia Eurasia Center in Berlin.

Trump could pressure Russia by propping up the US oil industry with subsidies and lift the 10% trade tariffs imposed on China in exchange for Beijing limiting economic ties with Moscow, which could leave it “truly isolated,” Connolly said.

Europe also could underscore its commitment to Kyiv – and curry favour with Trump – by buying US military equipment to give to Ukraine, said Lord Peter Ricketts, a former UK national security adviser.

Lukyanov suggested that Trump's allies often seem afraid of him and crumble under his threats.

The “big question,” he said, is what will happen when Putin won't. (AP) AMS

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