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    Govt to introduce bill in Lok Sabha to broaden NCDC's mandate for co-operative sector growth
    AAP govt indulged in large-scale financial irregularities, caused losses to exchequer: Delhi minister
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    India successfully concludes the 16th BRICS Trade Ministers' Meeting in Jaipur under its BRICS Chairship 2026
    GeM Completes a Decade of Transforming Public Procurement with Cumulative GMV Exceeding ₹20 Lakh Crore
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    August 9, 2026
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    Co-operative development financing would expand through direct assistance, share-capital participation and wider operational powers for sectoral support.
    National Cooperative Development Corporation (Amendment) Bill, 2026 proposes to broaden the Corporation's mandate to promote co-operative development. It would permit direct loans and grants to co-operative societies and other entities engaged in co-operative development, where funds are used for co-operative purposes. With Central Government approval, the Corporation could participate in the share capital of such entities. The proposals also expand the meaning of foodstuffs, remove geographical restrictions for industrial-goods assistance, and provide additional functional powers.
    August 9, 2026
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    GST compliance failures and electricity subsidy controls raise allegations of financial irregularities and potential losses to the public exchequer.
    Allegations based on a Comptroller and Auditor General report identified purported GST compliance failures involving outstanding tax liabilities, e-way bills generated after cancellation of GST registrations, limited bill scrutiny, non-compliance, and turnover mismatches. The allegations also concerned electricity subsidies extended to consumers with prolonged zero bills or apparent non-residence, presenting these issues as possible financial irregularities and losses to the public exchequer.
    August 9, 2026
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    Money-laundering prosecution complaints allege fund diversion through shell entities, credit-facility evergreening, layered transactions and fictitious project expenditure.
    Money-laundering prosecution complaints allege that funds from toll-road projects and credit facilities were diverted through group companies, contractors, shell entities and conduit accounts. In the toll-road matter, allegedly sham or back-dated subcontracting arrangements and subsequent documentation were used to portray transfers as genuine project expenditure. In the credit-facilities matter, fresh facilities were allegedly used to repay, rotate and evergreen earlier liabilities rather than for sanctioned end-use, with funds layered and presented as legitimate business expenditure or receipts. Attached assets are sought to be confiscated as alleged proceeds of crime.
    August 9, 2026
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    Direct Benefit Transfer pension disbursement replaces cooperative-bank doorstep delivery, while preserving home payments for beneficiaries unable to use bank accounts.
    Direct Benefit Transfer of social security and welfare pensions to Aadhaar-linked bank accounts is intended to replace cooperative-bank doorstep delivery, except for bedridden and similarly situated beneficiaries. The change addresses delays in remitting undistributed pensions, deficient record updates and reconciliation, duplicate payments, delivery incentives, and compliance with Direct Benefit Transfer norms. Criticism focuses on beneficiary access to linked commercial-bank accounts, possible minimum-balance deductions, exclusion of cooperative banks, and the effect on doorstep-delivery workers.
    August 8, 2026
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    Engineering business growth supported Raymond's first-quarter performance, with export expansion, capacity investment and net-debt-free financial flexibility.
    Raymond Limited reported unaudited first-quarter FY27 growth in total income, EBITDA and profit before tax before exceptional items, while remaining net-debt-free with a net cash surplus. Its Engineering business comprises Precision Technology & Auto Components and Aerospace & Defence. Growth in the former was attributed to export expansion, operating leverage, product mix and cost reductions. Aerospace & Defence growth was linked to production for global OEMs, portfolio expansion and increased capacity, although margins were affected by targeted research and development investment. Forward-looking statements remain subject to regulatory, political, economic and technological risks.
    August 8, 2026
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    Savings account selection requires comparison of effective interest, fees, digital service, access, and individual banking needs.
    Savings-account selection should compare effective interest returns under slab-based rates, recurring operating charges and the customer's actual banking needs. Net value depends not only on advertised rates but also on relevant minimum-balance, card, ATM, alert and transfer fees. Digital reliability, customer support, branch availability and ATM access should be assessed according to the customer's average balance, cash use, transfer frequency, travel patterns and need for in-person assistance. The suitable account is one that matches real banking behaviour.
    August 8, 2026
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    Urban cooperative bank regulation promotes licensing, governance, compliance support and cybersecurity measures to strengthen stability and depositor confidence.
    Urban cooperative banks are encouraged to recognise regulatory support through liberalised branch opening, doorstep banking, demand drafts, life certificates, dedicated regulatory coordination, enhanced gold-loan limits, one-time settlements and progress towards on-tap licensing. Sound governance is material to sectoral stability, while small-borrower lending is presented as a comparatively safe lending segment. The umbrella body can support member banks through technical expertise, compliance assistance, cybersecurity solutions and participation in a security operations centre to strengthen depositor confidence.
    August 8, 2026
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    Korean food export promotion combines buyer consultations, regulatory guidance and consumer experiences to support entry into Indian and South Asian markets.
    Korean food export promotion in India and South Asia combined business consultations with consumer-facing activities. Individual meetings connected Korean exporters with regional buyers and generated memoranda of understanding for products including frozen gimbap, ginseng wine and kombucha. Exporters received on-site guidance concerning non-tariff barriers, including food import customs clearance and certification requirements. Preparatory online sessions addressed import procedures, regulatory matters and consumer trends, while consumer events promoted Korean food through tasting, retail and experiential activities.
    August 8, 2026
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    Illegal immigration enforcement prioritises dismantling entry, documentation and employment networks while requiring citizens to report information through police channels.
    Illegal immigration enforcement involves continuous identification and verification operations, coordination with relevant officials, and confidential investigation of networks facilitating entry, identity documentation, accommodation and employment. Enquiries extend to intermediaries, contractors, Aadhaar procurement and verification practices, rather than focusing only on apprehended individuals. Citizen vigilantism, moral policing and social-media targeting of suspected migrants are discouraged because they may compromise investigations; information should instead be given through proper police channels.
    August 8, 2026
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    Technology, transparency and governance strengthen urban cooperative banks through modern customer services, depositor protection and cooperative-sector support.
    Technology adoption, transparency, sound governance and modern customer services are identified as necessary for urban cooperative banks to remain competitive. Banks are encouraged to join the sector's umbrella organisation and self-regulatory body, which provides capital, information-technology infrastructure and liquidity support. Protection of depositors' money remains a regulatory responsibility, while banks are expected to improve governance, train staff, adopt technology and enhance customer-centric services. Customer prosperity and reduced perception gaps between the central bank and urban cooperative banks are emphasised as measures to strengthen the sector.
    August 8, 2026
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    Authorised Dealer Category-II licensing expands permissible FEMA current account and foreign trade transaction services for cross-border payment customers.
    An Authorised Dealer Category-II approval under the Foreign Exchange Management (Authorised Persons) Regulations, 2026 enables Paul Merchants to undertake additional permissible non-trade current account transactions under FEMA, excluding gifts and donations, and foreign trade transactions within the applicable per-transaction limit. The approval supports foreign exchange and cross-border payment services, including overseas remittances for education, medical treatment, travel, and conference or event participation.
    August 8, 2026
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    Integrated investor claim portal modernisation advances digital KYC, streamlined verification, stakeholder-informed safeguards, and efficient investor claim settlement services.
    Integrated IEPFA Portal 2.0 is proposed to modernise investor claim processing through digital KYC, pre-filled Form IEPF-5, entitlement search, and a simplified e-Verification Report filing workflow. Stakeholder feedback included Aadhaar eKYC address validation, KYC for authorised representatives, entitlement-letter validation checks, bulk DSC and eSign functionality, integration of approved IEPF Form-4 data, lower-value share valuation using NSE and BSE data, and alerts for frequent address changes to prevent fraud.
    August 7, 2026
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    Foreign capital inflows supported the rupee despite geopolitical uncertainty, oil-price pressures, and volatile global market sentiment.
    Foreign capital inflows supported a marginal strengthening of the rupee against the US dollar despite global risk aversion arising from uncertainty surrounding negotiations affecting the Strait of Hormuz. Higher crude oil prices and weak domestic equity sentiment remained relevant pressures. Near-term currency movement was expected to depend on developments in the negotiations, weekend decisions, US employment data, the dollar index, crude oil prices, and the reported increase in foreign exchange reserves.
    August 7, 2026
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    Energy security through diversified sourcing protected fuel supplies during Hormuz disruption and supports domestic exploration and alternative fuels.
    Energy security measures based on diversified crude oil and LPG sourcing, expanded infrastructure, increased domestic LPG production and alternative fuels were presented as maintaining fuel availability during disruption of shipping through the Strait of Hormuz. Domestic resilience is also linked to support for private deep-water oil and gas exploration, opening offshore acreage, and expansion of compressed biogas and ethanol blending. Ethanol-blended petrol testing identified limited contamination instances rather than a systemic issue, while excise duty reductions were described as cushioning consumers against global fuel-price volatility.
    August 7, 2026
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    Credit valuation adjustment framework revises derivative capital requirements through flexible basic approaches, hedge recognition, and risk-sensitive counterparty treatment.
    Credit Valuation Adjustment framework revisions align CVA capital treatment with final Basel III standards. Eligible banks may use the full or reduced basic approach, while banks with an insignificant volume of non-centrally cleared derivatives may calculate their CVA capital charge at 100 per cent of the counterparty credit risk capital charge. The draft also clarifies CVA hedge recognition, introduces risk weights sensitive to sector and credit quality, and separates systematic and idiosyncratic CVA risk in the full basic approach.
    August 7, 2026
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    Leverage ratio framework amendments propose Basel-aligned capital adequacy standards, with public feedback invited on the draft directions.
    Proposed amendments to the leverage ratio framework would revise Chapter VII of the 2025 Commercial Banks Prudential Norms on Capital Adequacy Directions to implement the Basel Committee's Leverage Ratio 2017 Standard. Public comments and feedback on the draft Eleventh Amendment Directions, 2026, are invited until August 28, 2026, through the designated online platform, postal submission, or email.
    August 7, 2026
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    BHAVYA Scheme project selection uses challenge-based evaluation of infrastructure, industrial ecosystems, and policy enablers under prescribed eligibility criteria.
    BHAVYA Scheme Phase-I proposals submitted by State and Union Territory governments will be evaluated and scored under prescribed eligibility and evaluation criteria. Challenge-based project selection considers connectivity and site suitability, quality of core, value-added and social infrastructure in the detailed project report, and the industrial ecosystem and policy enablers. The Scheme guidelines provide for completion of the first-phase selection process within one year from notification.
    August 7, 2026
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    Multilateral trade cooperation preserves developing economies' policy space while advancing MSME finance, diversified value chains and digital services.
    BRICS ministers adopted measures supporting a development-centred multilateral trading system with the World Trade Organization at its core, preservation of Special and Differential Treatment, binding two-tier dispute settlement, and developing economies' policy space for food security and public stockholding. MSME measures include study of an invoice discounting mechanism and credit-assessment principles focused on cash flow rather than collateral. Value-chain measures provide for a GVC Action Plan, technical cooperation, Special Economic Zone cooperation and digitised trade documents, alongside principles for trusted cross-border digitally delivered services.
    August 7, 2026
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    Digital public procurement promotes transparent sourcing, reduced seller charges, competition monitoring and evidence-based spending oversight through an integrated marketplace.
    Government e-Marketplace digitises public procurement through a unified platform promoting transparency, efficiency, good governance and wider supplier participation. Seller-facing measures include reduced transaction charges, exemption of smaller orders, a cap on maximum transaction fees and reduced vendor assessment fees. The platform uses Artificial Intelligence and Machine Learning tools to identify suspected cartelisation, collusion and order splitting, while its digital transactional trail supports expenditure monitoring, identification of inefficiencies and evidence-based policy interventions.
    August 7, 2026
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    Criminal justice, extremist-material regulation and administrative schemes feature in reports on prosecutions, demolition practices, loan waivers and fuel policy.
    Criminal justice reports cover bail and an expedited trial in an assault prosecution, arrest for allegedly sheltering an accused, allegations of rape and murder of a minor, and claimed irregularities in a police recruitment examination. Regulatory developments include a ban on extremist literature associated with proscribed organisations and judicial disapproval of coercive demolition. Administrative coverage includes farmer loan-waiver transfers following Aadhaar authentication and debate over the E20 fuel-blending programme.

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      NATIONAL ACCOUNTS STATISTICS - 2025 PUBLICATION

      May 17, 2025

      Contents
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      The Ministry of Statistics and Programme Implementation (MoSPI) has released the ‘National Accounts Statistics – 2025’ publication, a comprehensive source of data on the national income, production, and expenditure aggregates of the Indian economy. The publication offers more granular view of the national accounts, through structured data statements and serves as a critical statistical input for policymakers, researchers, analysts, and stakeholders in understanding and evaluating the performance and structural changes in the Indian economy.

      This publication follows the First Revised Estimates of GDP for the FY 2023–24 and Final Estimates for FY 2022-23, which were released in February 2025, providing headline macroeconomic indicators.

      The publication provides detailed estimates of Gross Domestic Product (GDP), Gross Value Added (GVA), consumption, savings, capital formation, and related macroeconomic indicators. These estimates are presented at current and constant (2011-12) prices and are based on the methodologies in alignment with the United Nations System of National Accounts (SNA).

      Key Highlights:

      • GDP and GVA estimates for the years 2022-23 (Final Estimates) and 2023-24 (First Revised Estimates), incorporating updated data inputs from administrative and survey sources along with the time series data since the FY 2011-12.
      • Detailed sectoral analysis of economic performance, covering agriculture, industry, and services.
      • Disaggregated estimates on consumption, savings, and capital formation across households, corporate sector, and government.

      The ‘National Accounts Statistics – 2025’ statements (Annexure) are available for download on the MoSPI official website at: https://www.mospi.gov.in/publication/national-accounts-statistics-2025 .

      In addition, the publication, ‘National Accounts Statistics – 2024’ is updated by including the statements on Sequence of Accounts of different institutional sectors. These statements are available at: https://www.mospi.gov.in/publication/national-accounts-statistics-2024 .

      Annexure

      National Accounts Statistics - 2025: List of Statements

      Ser.  No.

      Name of the Statement

      1.

      Key aggregates of national accounts at current and constant prices

      2.

      Per Capita Income, Product and Final Consumption at current and constant prices

      3.

      Price and Quantum Indices

      4.

      Output by Economic activity and Capital formation by Industry of use at current and constant prices

      5.

      Gross Value Added (GVA) by economic activity at current and constant prices

      6.

      Percentage Share of GVA by economic activity at current and constant prices

      7.

      Percentage change in GVA by economic activity at current and constant prices

      8.

      Net Value Added by economic activity at current and constant prices

      9.

      Consumption of Fixed Capital (CFC) by economic activity at current and constant prices

      10.

      Finances for Gross Capital Formation (GCF) at current prices

      11.

      Gross Capital Formation by industry of use at current and constant prices

      12.

      Gross Fixed Capital Formation (GFCF) by asset & institutional sector at current and constant prices

      13.

      Private Final Consumption Expenditure at current and constant prices

      14.

      FISIM by uses - Intermediate Consumption and Expenditure at current prices

      15.

      Institutional Sectoral Accounts-Key Economic Indicators at current prices

      16.

      Value added by central and state governments at current and constant prices

      17.

      Expenditure of General Government classified by function, COFOG at current prices

      18.

      Private final consumption expenditure classified by item at current and constant prices

      19.

      Individual consumption expenditure by households and general government at current and constant prices

      20.

      Financial assets and liabilities of the household sector at current prices

      21.

      Detailed external transactions accounts at current prices

      22.

      Selected aggregates of external transactions at constant prices

      23.

      Output, value added, CE, OS/MI, by industry at current prices

      24.

      Output, value added, CE, OS/MI, by industry - Public Sector at current prices

      25.

      Output, value added, CE, OS/MI, by industry -Private Corporations at current prices

      26.

      Output, value added, CE, OS/MI, by industry -Households at current prices

      27.

      GCF, GFCF, Change in Stock (CIS), CFC, by industry at current and constant prices

      28.

      GCF, GFCF, CIS, CFC, by industry - Public Sector at current and constant prices

      29.

      GCF, GFCF, CIS, CFC, by industry - Private Corporations at current and constant prices

      30.

      GCF, GFCF, CIS, CFC, by industry - Households at current and constant prices

      31.

      GFCF by type of asset and by industry at current prices

      32.

      GFCF by type of asset and by industry - Public Sector at current prices

      33.

      GFCF by type of asset and by industry - Private Corporations at current prices

      34.

      GFCF by type of asset and by industry - Households at current prices

      35.

      Net Capital Stock by industry of use at current prices

      36.

      Net Capital Stock by industry of use - Public Sector at current prices

      37.

      Net Capital Stock by industry of use - Private Corporations at current prices

      38.

      Net Capital Stock by industry of use - Households at current prices

      39.

      Output & Value Added from crop sector at current and constant prices

      40.

      Crop-wise value of output at current and constant prices

      41.

      Output & Value Added from livestock at current and constant prices

      42.

      Output & Value Added from forestry and logging at current and constant prices

      43.

      Output & Value Added from fishing & aquaculture at current and constant prices

      44.

      Output & Value Added from mining & quarrying at current and constant prices

      45.

      Output from manufacturing in Corporate Sector at current and constant prices

      46.

      Value Added from manufacturing in Corporate Sector at current and constant prices

      47.

      Output from manufacturing in Household Sector at current and constant prices

      48.

      Value Added from manufacturing in Household Sector at current and constant prices

      49.

      Output & Value Added from electricity, gas, water supply & other utility services at current and constant prices

      50.

      Output & Value Added from construction at current and constant prices

      51.

      Output and Value Added from trade, repair services, hotels & restaurants at current and constant prices

      52.

      Output & Value Added from transport services at current and constant prices

      53.

      Output & Value Added from storage, communication & services related to broadcasting at current and constant prices

      54.

      Value Added from financial services at current and constant prices

      55.

      Output & Value Added from real estate, ownership of dwelling & professional services at current and constant prices

      56.

      Output & Value Added from other services at current and constant prices

      57.

      Output, value added, CE, OS/MI, by industry - General Government at current prices

      58.

      Output, value added, CE, OS/MI, by industry – Departmental Enterprises at current prices

      59.

      Output, value added, CE, OS/MI, by industry – Non-Departmental Enterprises at current prices

      60.

      Depreciation as provided in book of accounts at current prices

       

       

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