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    AssetPlus Launches Portfolio Management Services to Help MFD Partners Grow and Retain High-Net-Worth Clients
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September 3, 2026
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Portfolio management services distribution enables certified mutual fund distributors to digitally onboard and report for eligible high-net-worth clients through AssetPlus.
AssetPlus has launched Portfolio Management Services for certified Mutual Fund Distributor partners to digitally onboard, track, manage and report PMS investments for eligible high-net-worth clients. PMS distribution requires NISM Series-XXI-A certification and operates within the APRN distributor-registration framework. PMS comprises individually managed portfolios run by SEBI-registered Portfolio Managers and held in clients' demat accounts. The minimum investment is Rs. 50 lakh, and offerings are governed by the SEBI (Portfolio Managers) Regulations, 2020. The platform provides daily reconciliation of holdings, performance and valuations.
September 3, 2026
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September 3, 2026
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GST rationalisation for amusement park, water park and indoor entertainment admission tickets is sought through a flat 5% GST rate without Input Tax Credit. The proposed rate is intended to reduce ticket prices, improve affordability and increase customer demand in a capital-intensive tourism and entertainment sector. Many smaller and mid-sized operators report limited ability to offset GST liability through ITC. Lower taxation is projected to support facility expansion, revenue growth, new investment, employment and reinvestment in recreational services.
September 3, 2026
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Money laundering linked to hybrid ganja smuggling involves alleged illicit cross-border transfers and foreign-exchange violations.
Enforcement Directorate searches form part of a money-laundering investigation into alleged hybrid ganja smuggling from Thailand. A case under the Prevention of Money Laundering Act concerns suspected laundering of drug-trafficking proceeds and transfer of funds to Thailand through illegal channels. The inquiry also examines possible foreign-exchange violations and an alleged arrangement involving carriers, visas and funds for transporting narcotic substances.
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Money laundering investigation under the Prevention of Money Laundering Act concerns alleged diversion of bank loans obtained by Kohinoor Power for a power plant in Jharkhand. The loan proceeds were allegedly transferred to other group entities and used personally. Searches were conducted at eleven premises associated with the group's promoters, directors and auditors. The company entered liquidation proceedings before the National Company Law Tribunal, with limited recovery for creditors.
September 3, 2026
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Globalisation of auto component manufacturing is linked to trade access, resilient supply chains, technology adoption, safety, and vehicle scrappage.
The auto component industry is encouraged to expand globally through reciprocal market access, overseas manufacturing, international investment and trade partnerships. Supply-chain resilience is to be strengthened through indigenisation of vulnerable products, access to critical minerals, and domestic capacity in auto components, speciality steel, technical textiles and semiconductors. Priority is also given to high-value integrated solutions, artificial intelligence-enabled quality control, vehicle safety and industrial parks offering manufacturing infrastructure. Vehicle scrappage requires coordinated government incentives and fair industry valuation to support replacement demand for new-age vehicles.
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Updated IP cooperation guidelines strengthen cross-border innovation, patent examination coordination, traditional knowledge protection, and geographical indication commercialisation.
IP BRICS Heads adopted Updated Operational Guidelines to direct result-oriented intellectual property cooperation, promote cross-border innovation, and reinforce joint engagement in global IP standards. Priority areas include protection of traditional knowledge and traditional systems of medicine, reinforced patent examination cooperation, exchange of search results, patent analytics, and geographical indication protection and commercialisation. Coordination mechanisms and periodic progress reviews are emphasised for effective implementation and continuity of cooperation.
September 3, 2026
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India's long-term foreign-currency and local-currency issuer ratings were upgraded from 'BBB+' to 'A-', with a Stable Outlook, reflecting resilient economic growth, improved fiscal expenditure quality, strengthened financial-sector soundness, and a robust external position. Fiscal improvement is linked to greater capital expenditure and lower fiscal deficit. Financial resilience is supported by improved banking and non-banking sector asset quality and capital adequacy. External strength arises from a contained current account deficit, services surplus, and foreign-exchange reserves exceeding short-term external debt.
September 3, 2026
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Public sector general insurance performance requires profitable underwriting, lower claim ratios, digitalisation, standardised monitoring, and quality grievance redressal.
Public Sector General Insurance Companies were advised to focus on profitable business lines, reduce the Incurred Claim Ratio, and accelerate technology use and digitalisation while optimising related expenditure. They are to improve insurance penetration, density, outreach and customer awareness, particularly in underserved segments, while reducing protection gaps. A robust, standardised KPI framework should enable comparable financial and non-financial performance assessment and be reviewed quarterly. Customer grievances require expeditious and quality redressal.
September 3, 2026
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Cross-border financing through GIFT-IFSC expands foreign currency mobilisation, external commercial borrowing disbursements, and international bond market access.
GIFT-IFSC's IBUs mobilised foreign-currency liquidity under the RBI's FCNR(B) deposit swap facility, with 20 IBUs sanctioning USD 54.02 billion and disbursing approximately USD 52.82 billion as at 31 August 2026. Between April and August 2026, IBUs disbursed USD 11.62 billion in External Commercial Borrowings, while Indian banks raised USD 11.12 billion through bond listings on IFSC exchanges. These activities support cross-border financing, international capital-market access and foreign-exchange inflows.
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September 3, 2026
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Sovereign credit rating upgrade reflects resilient economic growth, fiscal quality, financial-system soundness, and external-sector resilience.
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Foreign-currency non-resident deposits bolster external liquidity through hedging support and lending flexibility during global market uncertainty.
Foreign Currency Non-Resident (Bank) [FCNR(B)] deposits are fixed-term foreign-currency deposits for non-resident Indians, with principal and interest repayable in the deposit currency and without direct rupee exchange-rate risk. A special central-bank programme mobilised substantial FCNR(B) deposits, alongside overseas foreign-currency borrowings and external commercial borrowings, to strengthen foreign-exchange liquidity. Banks received hedging-cost support and permission to lend against the deposits. The facility was closed earlier than scheduled after its mobilisation objective was met.
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Foreign currency swap facility accelerated FCNR(B) deposit window closure after substantial diaspora inflows, while borrowing windows remain open.
Special USD-INR foreign-exchange swap facility for FCNR(B) deposits, Overseas Foreign Currency Borrowings and External Commercial Borrowings was introduced to strengthen the external sector and support foreign-exchange liquidity. FCNR(B) deposits, under which principal and interest are repayable in the same foreign currency, generated the principal share of inflows. Strong diaspora participation led to advancement of the FCNR(B) window closure. The swap facility for Overseas Foreign Currency Borrowings and External Commercial Borrowings remains open until December 31, 2026.
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Criminal investigation concerns alleged solicitation and acceptance of an undue advantage by CGST officials in connection with settling a GST/royalty matter involving a stone-quarrying firm. The officials allegedly arranged for a private person to collect the payment. A trap operation resulted in the private person being caught while accepting the alleged undue advantage. Searches at the accused persons' premises led to recovery of cash and jewellery, while further investigation continues.
September 2, 2026
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State GST collection growth outpaced national expansion during the first five months, alongside increased VAT and CST receipts.
Haryana's SGST collections increased by 29 per cent during April-August of financial year 2026-27, exceeding the national growth rate of 16 per cent. August 2026 post-settlement SGST revenue rose by 21 per cent, compared with national average growth of 13 per cent. Haryana accounted for less than 4 per cent of national GST taxpayers but contributed approximately 7.7 per cent of aggregate national SGST, CGST and IGST collections. VAT/CST collections rose by 13.8 per cent during the same period.

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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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