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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.
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August 4, 2026
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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.
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August 4, 2026
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Responsible precious-metals recycling supports recycled-gold products, organised buyback channels and a more self-reliant domestic supply chain.
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August 4, 2026
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Broad-based growth strategy links tax reforms, trade resilience, industrial support and services development to medium-term economic expansion.
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August 4, 2026
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Co-operative bank governance and financial disclosure support digital transformation, risk management, priority-sector lending and sustainable member-focused growth.
Co-operative bank governance and financial disclosure were addressed at the annual general meeting, where the member-notice agenda was transacted and audited financial statements were presented. The bank reported growth in business, deposits and advances, together with net profit, asset quality, provisioning coverage and capital adequacy indicators. Its operational priorities include digital transformation, risk management, selective network expansion, customer service and operational discipline. Future priorities include retail and priority-sector lending, MSMEs, affordable housing and institutional deposits.
August 4, 2026
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Foreign-exchange market conditions weakened the rupee as oil prices, domestic equities and dollar strength shaped near-term currency expectations.
The rupee weakened against the US dollar amid elevated crude oil prices, weaker domestic equities and a stronger dollar index, while foreign fund inflows moderated the decline. Attention shifted to the central bank's monetary policy meeting, with continuation of the existing benchmark policy rate anticipated. Earlier measures encouraging overseas dollar deposits and facilitating foreign participation in government bonds were reported to support capital inflows and India's external position.
August 4, 2026
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MSME credit expansion combines SIDBI lending initiatives with guaranteed additional working-capital facilities for eligible borrowers.
MSME credit access is being expanded through SIDBI's branch network, direct lending, refinance support, co-lending arrangements, affordable credit for informal micro-entrepreneurs, and invoice-based digital credit for micro enterprises. Emergency Credit Line Guarantee Scheme 5.0 enables eligible MSMEs to obtain additional credit linked to peak fund-based working-capital outstanding, with full guarantee coverage for member lending institutions against defaults on the additional facility. The scheme also covers scheduled passenger airlines under distinct eligibility and guarantee parameters.
August 4, 2026
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Furniture and interiors sourcing platform connects Indian manufacturers with domestic and international trade buyers through direct procurement opportunities.
imm india 2026 is presented as a business-to-business sourcing platform linking Indian furniture, home de cor, rug, carpet, mattress and handicraft manufacturers with domestic and international trade buyers. It is intended to provide direct manufacturer access, design-led sourcing and project-scale procurement opportunities for architects, designers, retailers, hospitality professionals and real estate developers. The programme includes a hosted buyer initiative, industry conferences, knowledge sessions and awards addressing innovation, sustainability, craftsmanship and design.
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August 4, 2026
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WTO dispute settlement challenges test India's safeguards, agricultural support, technology tariffs and production-linked incentives across pending proceedings.
Nine pending WTO disputes against India concern safeguard measures, sugar support and export schemes, information and communications technology tariffs, and technology-sector incentives. India contests the claims as consistent with its WTO rights and obligations. Appeals concerning iron and steel safeguards, sugar measures, and certain information and communications technology tariff reports remain pending, including because the WTO Appellate Body is non-functional. Other proceedings concern Chinese challenges to production-linked incentives, tariffs, and solar, automotive, renewable-energy and information-technology measures; one panel proceeding is ongoing and another panel has not been constituted.
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Digital business law and entrepreneurship education combine management, compliance and innovation training for technology-driven enterprise careers and ventures.
The MBA programme integrates management education, entrepreneurial capability, digital business law, and legal and policy awareness for technology-driven enterprise. It addresses compliance, digital platforms, data-driven decision-making, artificial intelligence, digital transactions, intellectual property, cross-border commerce and evolving regulatory frameworks. The programme is designed for prospective founders, start-up professionals, transforming family businesses and careers in consulting, strategy, business development, policy-oriented enterprises and digital commerce, with industry-relevant entrepreneurship education and digital-first learning.
August 4, 2026
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Savings account access expands through video KYC, mobile banking, no-minimum-balance options, monthly interest payments and deposit insurance coverage.
Savings accounts provide monthly interest payments, liquidity and access to funds, subject to eligibility, internal policies and applicable terms. Digital account opening through Video KYC is available for an account with no minimum balance requirement, supported by mobile banking for UPI transfers, bill payments and balance monitoring. Account variants include premium, value-oriented, agricultural, financial-inclusion, children's and basic no-frills accounts. Deposit insurance applies up to the prescribed limit per depositor per bank.
August 4, 2026
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Foreign-exchange market conditions supported a modest early rupee gain, while importer demand and policy data remained key factors.
Foreign-exchange market conditions supported a marginal early appreciation of the rupee against the US dollar, led by broad US-dollar weakness, improved risk sentiment, lower oil-price levels and foreign portfolio inflows. Importer demand for dollars moderated the movement. Market direction remained linked to the forthcoming monetary-policy decision and US economic data, while reported central-bank activity was described as helping smooth currency volatility. The US dollar index, crude-oil movements, global supply expectations and domestic equity-market activity were relevant exchange-rate influences.
August 4, 2026
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Quality statistics drive statistical-system reform through administrative data, interoperable systems, stronger governance, and international cooperation for evidence-based policymaking.
Quality statistics are advanced through modernised national statistical systems, administrative data, digital public infrastructure, and stronger data-governance and privacy standards. Cooperation among national statistical offices is intended to address data gaps through knowledge sharing, methodological harmonisation and statistical innovation. Discussions also emphasised digital dissemination, transformational statistical reforms, and the use of administrative data for timely, cost-effective and granular official statistics, supported by harmonised metadata, interoperable systems and institutional collaboration.
August 4, 2026
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Digital statistical modernisation strengthens survey quality, macroeconomic indicators, international standards alignment and infrastructure performance monitoring through standardised data systems.
National statistical modernisation uses digital survey platforms with validation checks, AI-enabled support and multilingual interfaces, alongside short-duration surveys and administrative data to improve sampling and timely official statistics. Reforms include base revisions for Gross Domestic Product, Consumer Price Index and Index of Industrial Production; adoption of metadata, quality-assessment and classification standards; and alignment with international statistical principles and methodologies. Sustainable development indicators and infrastructure monitoring are supported through a national indicator framework, PAIMANA and a standardised performance dashboard.
August 3, 2026
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Windfall gains tax on petroleum exports increases to discourage exports and preserve domestic fuel availability during regional supply disruptions.
Special additional excise duty on exports of petrol, diesel and aviation turbine fuel has been increased for the relevant fortnightly period, while existing duty rates for petrol and diesel cleared for domestic consumption remain unchanged. The windfall gains tax is intended to preserve domestic availability of petroleum products during the West Asia crisis and prevent exporters from benefiting unduly from price differences linked to elevated global crude oil prices.

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Manipur MPs urge Centre to address budget inequality, accuse it of overlooking state

March 11, 2025

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New Delhi, Mar 11 (PTI) Lok Sabha MPs from Manipur on Tuesday urged the Centre to address the structural inequalities in the allocation of resources to the state.

The plea was raised by Alfred Kanngam S Arthur, Congress MP from Outer Manipur, and Angomcha Bimol Akoijam, MP from Inner Manipur.

"Building this nation includes the building of Manipur, and if you do not want to build my state, then you have no right to govern it," Arthur said during the discussion on the demand for grants for Manipur in Lok Sabha.

"My state is a small state, but we are not small people. We are equal in every way to this nation," he said.

Arthur highlighted the stark disparities between Manipur's hill and valley regions, emphasising that 98 per cent of the hill areas are inhabited by tribal communities.

He said a disproportionate allocation of resources has exacerbated systemic inequities, leading to unrest and marginalisation. "The hills are lush and fertile, yet they remain neglected." He said the state's agrarian economy, which sustains the majority of its people, has seen no increase in budgetary allocations for agriculture or horticulture.

"Ninety-eight per cent of Manipur is hills, but there is no income, no growth, and no development. How can we sustain ourselves when the very foundation of our livelihood is ignored?" Arthur wondered.

On the issue of social welfare schemes, Arthur said 50 per cent of MGNREGA funds for 2023-24 have not been released, and for 2024-25, nothing has been allocated.

Arthur also raised concerns about Manipur's economic stagnation, pointing out that the state has the lowest per capita income in the country.

"Why has NITI Aayog, the state government, and now the central government not ensured course correction to increase our Gross State Domestic Product (GSDP)?" he questioned.

He further criticised the exclusion of rehabilitation measures for the nearly 50,000 displaced due to ethnic strife.

"Their homes have been ravaged, burned, broken, and damaged. Yet, there is no reflection in the budget for their rehabilitation," he said.

"Who is responsible for what has happened to my state today? The whole world has seen him on tape admitting to instigating this crisis, yet there has been no inquiry," he charged.

Arthur urged the government to reconsider the budget and present a revised version that charts allocations for the hill and valley regions.

"If my repeated pleas to this House make no sense, then give me the opportunity to relinquish my seat and not return. Because speaking again and again without being heard is painful," he said.

Akoijam echoed Arthur's concerns, criticising the central government for its handling of Manipur's crisis and the lack of sensitivity in the budget.

Akoijam accused the central government of dealing with Manipur in a "contemptuous nature." He also highlighted Prime Minister Narendra Modi's absence during the initial stages of the violent crisis in 2023.

"We have talked a lot about the prime minister not visiting the state initially in the beginning of the crisis... today I am almost indifferent whether he visits the state or not, it doesn't matter anymore. But the rest of the country should know that there is no visa issue for the PM to visit.

"He may go to Ukraine and talk about peace, but his own citizens have been slaughtered, and more than 60,000 people have been rendered homeless. This kind of behaviour can never be justified by anybody who swears by nationalism... it can only be done by the one who swears by pseudo-nationalism," he said.

Akoijam expressed disappointment that the budget did not address the debt burden of Manipur or reflect on the 21-month-long crisis in the state.

"We are not asking for UN interventions... we are asking for additional sources of money from the central government...60,000 people are rendered homeless in the state... villages wiped out... children not able to go to school... women are suffering," he said.

He questioned the central government's priorities. "Had this crisis been there in UP or Bihar, you would have felt the nation in you for you to reflect in the budget." He accused the central government of making Manipur invisible, stating, "There is a sense of invisibility in the state... you are trying to make us invisible... and you expect people of the state to feel like any other Indians." Akoijam warned that the people of Manipur are beginning to question their relationship with the Union of India.

He also criticised the budget for failing to address the recent floods in Manipur.

"You gave Rs 11,500 crore to Bihar. Is Bihar more Indian than Manipur?" he asked.

"In this situation, you expect us to feel normal and included. Thousands of people are suffering. I expect the government to be sensitive... the budget must reflect that you care for the state," Akoijam said. PTI UZM RR UZM VN VN

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