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    UCO Bank launches IFSC Banking Unit at GIFT City
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August 13, 2026
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International banking unit expands cross-border financing, trade finance and foreign-currency service access through GIFT City operations.
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August 13, 2026
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Last-mile credit access is prioritised through timely lending, wider beneficiary coverage, digital support and stronger fraud vigilance.
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August 13, 2026
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Merchandise trade growth saw rising exports to major markets alongside increased imports and continuing United States trade-pact negotiations.
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August 13, 2026
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GST transport documentation enforcement addresses freight movement of metals without valid e-way bills and invoices under applicable rules.
GST enforcement action led to the seizure of copper and aluminium ingots transported by freight train without valid e-way bills and invoices. The metals were found in three train wagons during inspection of parcel cargo. Further proceedings are to be undertaken under applicable GST rules concerning movement of goods without prescribed transport documentation.
August 13, 2026
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Merchandise trade deficit widens as import growth outpaces exports despite strong petroleum, electronics and engineering shipments.
Merchandise trade in July 2026 saw exports rise 19.63 per cent and imports increase 17.52 per cent, widening the trade deficit to a six-month high. Petroleum products, electronics, engineering goods and marine goods supported export growth, while crude oil and several commodity and capital-goods categories increased imports. During April-July 2026-27, faster import growth widened the cumulative merchandise trade deficit compared with the corresponding prior-year period.
August 13, 2026
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Bribery allegations in GST enforcement prompted arrest after alleged payment demand to avoid a tax-liability notice.
Bribery allegations involving GST enforcement led to the arrest of a CGST Superintendent after a complaint alleged that payment was demanded from a private company to avoid issuance of a tax-liability demand notice and to close the matter. A trap operation resulted in the public servant being apprehended while allegedly accepting part of the demanded bribe, and the amount accepted was recovered. Searches were undertaken, and investigation remained ongoing.
August 13, 2026
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Trade performance shows rising merchandise and services exports, but faster import growth expands the overall trade deficit.
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August 13, 2026
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Student GIC referral programmes integrate connectivity credits with funding verification and post-arrival banking arrangements for eligible international students.
Referral arrangements connect mobile connectivity benefits with the Student Guaranteed Investment Certificate application journey. Applicants may access an online portal through a referral link, submit documents, complete know-your-customer verification, and fund the GIC from permitted Indian bank accounts in no more than two transactions. After arrival, students may activate the GIC account and open a linked bank account for receipt of GIC transfers. Eligible verified applicants receive non-cash mobile credits usable only against mobile bills, subject to a cap on the bill portion payable through credits.
August 13, 2026
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Global Capability Centre banking support connects offshore and onshore operations to simplify financial management and enable cross-border expansion.
Global Capability Centre banking support is positioned around connected offshore and onshore banking, international network access, digital banking platforms, and expertise in treasury centres, cross-border corporates, and evolving GCC operating models. The approach seeks to simplify financial operations and support GCC expansion across global markets. India's GCC ecosystem is characterised as a leading global capability hub, with capability centres evolving into strategic enterprise hubs requiring support for operational and financial complexities across markets.
August 13, 2026
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Investment banking registration enables regulated cross-border offerings, listings, debt transactions and capital-market advisory through GIFT City.
IFSCA registration under the IFSCA (Capital Market Intermediaries) Regulations, 2025 authorises Nexent Capital IFSC Private Limited to operate as an investment banker from GIFT City. Permitted activities include management of initial and follow-on public offerings, SPAC and secondary listings, depository receipt issuances, debt capital-market transactions, and other capital-market advisory mandates. The firm proposes to provide transaction structuring, listing-readiness, execution and post-listing capital-markets support for companies seeking capital raising and listing opportunities through GIFT City's exchanges.
August 13, 2026
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Merchandise export growth was driven by petroleum, electronics, engineering and marine goods, while rising imports widened the trade deficit.
India's merchandise exports increased in July, while imports also rose and widened the trade deficit. Export growth was attributed to higher overseas shipments of petroleum products, electronics, engineering goods and marine goods. Exports and imports both recorded growth during the April-July fiscal period, and exports to West Asian countries increased in July.
August 13, 2026
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EXIM operations at international seaport to commence after customs clearance, bonded-area establishment, and temporary highway connectivity.
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Renewable energy reliability requires storage, grid readiness and ancillary service markets alongside competitive clean-power procurement.
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August 13, 2026
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Accredited Investor certification facilitates eligible investors' access to alternative investment products, lower thresholds and applicable regulatory flexibilities.
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Manufacturing performance is assessed under the revised National Accounts Statistics series using 2022-23 as the base year. Manufacturing's share of total Gross Value Added at current prices remained broadly stable through 2025-26, and Manufacturing GVA at constant prices achieved a compounded annual growth rate of 10.88% from 2022-23 to 2025-26. Production Linked Incentive schemes, logistics and industrial-corridor measures, semiconductor initiatives, and MSME support seek to strengthen domestic manufacturing, diversify supply chains, reduce import dependence, and improve resilience.
August 13, 2026
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Electronic inspection and certified copies expand digital access to judicial records while supporting efficient case management and reduced delays.
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August 13, 2026
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CBDC-based food subsidy transfers enable eligible beneficiaries to use Digital Rupee wallet credits for traceable foodgrain purchases.
CBDC-based Direct Benefit Transfer under the Pradhan Mantri Garib Kalyan Anna Yojana will credit eligible beneficiaries' food subsidies as programmable Digital Rupee tokens directly into CBDC wallets. Beneficiaries may use these credits to purchase foodgrains from empanelled merchants through secure, real-time and traceable payments, replacing conventional bank-account transfers. The model is intended to improve traceability, reduce leakages and cash handling, enable real-time monitoring of subsidy use, and provide a scalable framework for CBDC integration with welfare schemes.
August 13, 2026
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Preferential trade agreement negotiations begin under agreed terms covering market access, origin rules, trade remedies and dispute settlement.
India and the Southern African Customs Union have signed Terms of Reference to commence negotiations for a Preferential Trade Agreement. Negotiations are envisaged on trade in goods and market access, rules of origin, customs procedures and trade facilitation, trade remedies including bilateral safeguards, sanitary and phytosanitary measures, technical barriers to trade, dispute settlement, and legal and horizontal provisions. The Terms of Reference establish the negotiating framework only; preferential tariff treatment and other operative commitments depend on conclusion of a final agreement.
August 12, 2026
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Prepaid plan restructuring eliminates mid-tier daily-data options and channels subscribers toward higher-priced plans with expanded data access.
Bharti Airtel has discontinued prepaid plans combining 1.5 GB daily data allowances with unlimited calling, directing subscribers towards higher-priced plans with expanded data access, including unlimited 5G data. The restructuring reduces low-priced unlimited-data offerings and changes the pricing architecture for customers using discontinued mid-tier plans. Management links tariff repair to differentiated mobile-plan categories and sustained average revenue per user growth.
August 12, 2026
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Insolvency professional conduct faces money-laundering allegations over re-admitted claims, creditor committee changes, and a connected resolution applicant.
Enforcement action under the Prevention of Money Laundering Act concerns allegations that an insolvency professional re-admitted claims earlier rejected as spurious and fraudulent during the Corporate Insolvency Resolution Process. The alleged re-admission altered the Committee of Creditors' composition and facilitated consideration of a resolution plan allegedly submitted for, and funded through an entity controlled by, a company promoter under investigation for diversion of bank-loan funds. Adverse findings reportedly included acting beyond authority by relying on fabricated and improperly submitted material.

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News and Press Release

Changes in Periodic Labour Force Survey (PLFS) from 2025

May 14, 2025

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National Statistics Office (NSO), MOSPI continues its endeavour to enhance the scope, relevance and coverage of the surveys conducted by NSS. Key labour force indicators from PLFS at the all-India level will now be released on monthly basis and the PLFS quarterly results will now be brought out for rural, urban and rural and urban areas combined.

National Statistics Office, Ministry of Statistics & Programme Implementation (MOSPI) is making continuous efforts to bring significant improvements in the surveys conducted by NSS through enhancement of the frequency, scope, relevance of the surveys along with reduction in the timeline for dissemination of survey findings and provisioning easy access to the survey data. NSO, MOSPI has conducted the back-to-back surveys of Household Consumption Expenditure (HCES) during 2022-23 and 2023-24, has completed the second pan-India Time Use Survey (TUS) undertaken during 2024 and is in the process of undertaking the Domestic Tourism Expenditure Survey (DTES) and first ever pan-India National Household Travel Survey (NHTS) from July 2025. 

As a part of this continuous endeavour aimed at enhancing the surveys of NSS, the sampling design of PLFS has been revamped from January 2025 to address the requirement of high frequency labour market indicators with enhanced coverage from PLFS.  The revamped PLFS is envisaged to address the following objectives.

  • to estimate the key employment and unemployment indicators (viz. Labour Force Participation Rate, Worker Population Ratio, Unemployment Rate) on a monthly basis for rural and urban areas at all-India level in the Current Weekly Status (CWS)
  • to extend the coverage of the Quarterly results of PLFS to rural areas and thereby producing quarterly estimates at the country level and for major States in the Current Weekly Status (CWS)
  • to estimate important employment and unemployment indicators in both usual status (ps+ss) and CWS in both rural and urban areas annually

Usual Status (ps+ss) and Current Weekly Status (CWS) refers to frameworks for determining activity status of person surveyed based on reference periods of last 365 days and last seven days preceding the date of survey, respectively.

PLFS was launched in 2017 essentially to address the requirement of generating estimate of the key employment and unemployment indicators quarterly for the urban areas only in the Current Weekly Status (CWS) and providing important employment and unemployment indicators in both usual status (ps+ss) and CWS in both rural and urban areas annually.

The quarterly results of PLFS have been brought out in the form of Quarterly Bulletins. Till 2024, twenty-five Quarterly Bulletins of PLFS corresponding to the quarter ending December 2018 to quarter ending December 2024 have been released.

The annual results of PLFS have been released in form of PLFS Annual Report covering the survey period July of a specific year to the month of June of the following year along with the unit level survey data. Seven such Annual Reports covering both rural and urban areas and giving estimates of all important parameters of employment and unemployment in both usual status (ps+ss) and current weekly status (CWS) have been released spanning the period July 2017 to June 2024.

The revamped PLFS sample design from January 2025 will result in the following updation in the PLFS dissemination:

1. Availability of monthly estimates of key labour market indicators at the country level: 

The revamped PLFS sample design will enable generation of the monthly estimates of key labour market indicators viz. Labour Force Participation Rate (LFPR), Worker Population Ratio (WPR) and Unemployment Rate (UR) at the all-India level following the Current Weekly Status (CWS) approach. The monthly estimates will help in timely policy interventions. The first monthly bulletin of PLFS for the month April, 2025 is scheduled to be released in May, 2025.

2. Extending quarterly estimates to rural areas:

At present PLFS provides quarterly labour market indicators for the urban areas only. With the updation in the PLFS sample design quarterly estimates of employment unemployment indicators will be available for both rural and urban areas and hence for the entire country. The first quarterly bulletin of PLFS covering both rural and urban areas for the quarter April-June, 2025 is slated to be released in August 2025.

3. Moving to the approach of calendar year reporting

From the year 2025, the annual PLFS results will be brought out based on the calendar year i.e. survey period of January – December of a specific year (e.g. January 2025 – December 2025). This change in disseminating the PLFS annual results and unit level data will facilitate comprehensive analysis of labour market performance through review of key employment unemployment indicators and also assist in timely updation of India’s labour market statistics in the databases maintained by the international agencies.

The sampling methodology encompassing various aspects of the PLFS sampling design has been revamped to realise the objective of releasing the high frequency labour force indicators from PLFS. Salient aspects of the revamped sample design are mentioned below.

  • Enhanced sample size

The revamped PLFS sample design is a multistage stratified design. List of census 2011 villages / urban Frame Survey (UFS) blocks / sub-units (for those villages or UFS blocks where sub-units are formed within) together formed the sampling frame for selection of the First Stage Units (FSUs). In the revamped PLFS sample design, a total sample size of 22,692 FSUs is planned to be surveyed (12,504 FSUs in the rural areas and 10,188 in the urban areas) in each year of the two-year panel with first visit schedule as compared to 12,800 FSUs surveyed in PLFS upto December, 2024.

A total of 12 households will be surveyed from each of the selected FSUs which implies an overall sample size of around (22,692 x 12) = 2,72,304 households. This marks a 2.65 time increase in sample households to be covered in PLFS as compared to the number of sample households covered upto December, 2024 (which was around 1,02,400). The enhanced sample size is expected to provide reliable estimates of labour market indicators with improved precision.

  • Representation of districts in PLFS sample

In the revamped PLFS sample design, district has been made the primary geographical unit, called basic stratum within a state/UT separately for rural and urban sectors for selecting FSUs for most part of the geography covered. In the remaining parts, NSS region has been made the basic stratum. This will ensure presence of sample observations from most of the districts in the PLFS sample, which will improve the representativeness of the estimates generated.

For rural areas provision for stratification has been made within district / NSS region (as the case may be) based on distance of the villages within 5 Kms from the district headquarter or from a city/town with more than 5 lakh population. In case of urban areas million plus cities within district / NSS region has been formed as stratum. This will also improve the reliability of the estimates by incorporating sample observations from spatial segments having different nature of labour market dynamics.

Comparability of monthly estimates with previously released estimates of PLFS

The sample design of the Periodic Labour Survey (PLFS) has been revamped from January 2025. As part of revamping of the sample, design monthly rotational panel scheme has been implemented for both rural and urban areas wherein each selected household is visited four times in four consecutive months – one with first visit schedule and other three with the revisit schedule in the following three months. The aspects related to the multistage stratified design followed in PLFS like the choice of First stage Units (FSU) to be surveyed, the primary geographical unit (i.e. basic stratum) from which FSUs are selected, stratification rules applied to FSUs and sampling selection method for selecting FSUs have been changed. The number of households to be surveyed within a selected FSU has been increased from 8 to 12 households.

In addition, some changes have also been incorporated in the structure of the Schedule of inquiry. The details of the revamped PLFS sample design and changes made in the Schedule of inquiry have been provided in this report titled PLFS: Changes in 2025. Users of PLFS results need to consider the changes implemented in PLFS from January 2025 while comparing PLFS results with estimates released through PLFS publications up to December, 2024. The results of the PLFS post January 2025 thus need to be understood and used in the context with which the sample selection methodology of PLFS has been designed.

The changes in the PLFS sample design adopted from January 2025 in detail and the modifications made in PLFS schedule of enquiry from January 2025 are given in the PLFS release titled PLFS: Changes in 2025. The same is available at the website of the Ministry (https://mospi.gov.in).  

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