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July 29, 2026
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Financial-market depth requires reliable liquidity, risk transfer, transparent products and shared institutional responsibility for resilient long-term financing.
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July 29, 2026
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July 29, 2026
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Rupee appreciation reflected weaker dollar conditions, equity inflows, crude oil movements and positive domestic market sentiment.
Foreign exchange market conditions supported an early appreciation of the rupee against the US dollar. A weaker US dollar, lower crude oil prices relative to earlier levels, positive domestic equity sentiment, and foreign institutional investors' net purchase of Indian equities were identified as key influences. The dollar index weakened ahead of a monetary policy announcement, while crude prices rose amid renewed geopolitical tensions. Domestic benchmark equity indices also advanced in early trade.
July 29, 2026
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Input Tax Credit unblocking allegedly involved illegal gratification, prompting a trap operation and apprehension of the officer and consultant.
Alleged bribery connected with unblocking Input Tax Credit arose after an electronics trader received a show-cause notice and had its ITC blocked. A private tax consultant allegedly conveyed that a State GST officer demanded illegal gratification for unblocking the credit and encouraged the trader to settle the demand. Following a complaint, a trap operation allegedly led to the apprehension of the officer and consultant, with further legal action in progress.
July 29, 2026
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Defence production licensing and Russian energy sanctions shaped discussions on Ukraine's security capacity, missile supply and diplomatic engagement.
Ukraine-US discussions addressed licences for domestic Patriot defence-system production, wider defence-production cooperation, technology exchange and missile supply funded through European resources. Ukraine also sought support for a sanctions bill designed to increase economic pressure on Russia by imposing tariffs on goods from major purchasers of Russian oil and gas and by sanctioning Russian leaders, financial institutions and energy projects. The proposed defence-production licence was identified as a longer-term measure, alongside calls for renewed diplomatic engagement.
July 29, 2026
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Cooperative-sector modernisation strengthens rural finance through expanded credit societies, online audits, institutional connectivity and technology-enabled cooperative banking.
Cooperative-sector modernisation is presented as a mechanism for strengthening rural institutions, farmer prosperity and the rural economy. The separate Ministry of Cooperation provides an administrative, legal and policy framework for the cooperative movement. Key initiatives include establishing new primary agricultural credit societies and dairy cooperative societies, expanding business activities for primary agricultural credit societies, online auditing, and connecting cooperative institutions. District cooperative banks are described as important institutions for meeting the financial requirements of expanding service and dairy cooperative societies.
July 28, 2026
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Direct containerised rail freight movement enables seamless Kolkata Port-to-Biratnagar cargo transport without border transshipment under revised transit arrangements.
Direct containerised rail freight movement between Kolkata Port and Biratnagar Customs Yard has commenced under the revised India-Nepal Rail Transit Protocol. The service enables end-to-end commercial rail carriage without border transshipment through the Jogbani-Biratnagar broad-gauge connection. Implementation of the revised Letter of Exchange operationalises direct commercial rail access, intended to reduce transit time, logistics costs and cargo handling while improving supply-chain efficiency, reliability and cross-border trade.
July 28, 2026
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State governance reforms expand housing relief, local audits, MSME support, property records, welfare measures and clean-vehicle tax incentives.
The reforms provide concessional stamp duty and registration charges for eligible Economically Weaker Section housing beneficiaries, a statutory local-audit framework, and incentives for MSMEs and exports. They also establish rules for ownership records in Lal Dora areas and introduce a formula-based urban property-tax assessment framework with exemptions. Welfare measures cover compensation for specified unnatural custodial deaths, ex-Agniveer reservation, and compassionate appointments. Motor-vehicle tax measures provide a rebate for qualifying vehicles registered in women's names and exemptions for new electric vehicles.
July 28, 2026
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Investigation into alleged fund diversion faced scrutiny as agencies were required to disclose progress and decide on regular cases.
Investigation into alleged dubious transactions and fund diversion involving Indiabulls Housing Finance Limited remained under scrutiny because investigating agencies did not provide an updated status or take a final decision on registration of regular cases. The Central Bureau of Investigation and Delhi Police Economic Offences Wing were required to file a comprehensive affidavit and status report. The allegations concern loans allegedly routed through corporate entities to promoter-linked companies, alongside inquiries involving financial, corporate-fraud and market-regulatory agencies.
July 28, 2026
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MSME payment-delay reforms propose faster dispute resolution, enforceable settlement recovery, and invoice discounting to strengthen supplier liquidity.
The proposed amendment strengthens delayed-payment dispute resolution for micro and small enterprise suppliers through prescribed adjudication timelines and possible interim payment of at least half the awarded amount where a setting-aside application remains pending beyond six months. Mediated settlements and arbitral awards may be recovered as arrears of land revenue and are proposed to be legally enforceable debts under the insolvency framework. Central public sector enterprises would be required to route MSME invoice settlements through the Trade Receivables Discounting System.
July 28, 2026
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Regional rural bank oversight strengthens financial performance, technology adoption, diversified lending and financial inclusion in remote communities.
Regional Rural Banks are regularly reviewed for financial performance, technology upgradation, MSME lending, loan diversification and financial inclusion in rural and remote areas. Their financial health improved over recent years, with growth in deposits, loans, credit-deposit ratio, net worth and capital adequacy, alongside improved asset-quality indicators. Financial-inclusion targets for bank-account access, micro-credit, insurance and pension schemes are set and periodically monitored to extend formal financial services.
July 28, 2026
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Emergency credit guarantee support addresses business liquidity mismatches while public sector banks report stronger asset quality and sectoral lending growth.
Public sector banks reported improved balance-sheet health, rising business and lending, higher profits, stronger capital adequacy, and lower gross non-performing assets through FY 2025-26. Credit expanded across retail, agriculture, MSME, and infrastructure segments. Emergency Credit Line Guarantee Scheme 5.0 provides guarantee coverage to member lending institutions for eligible additional credit facilities addressing short-term liquidity mismatches, with full coverage for MSMEs and differentiated coverage for non-MSMEs and scheduled passenger airlines. Airline assistance is linked to peak credit outstanding and may require proportionate promoter or owner equity contribution above the applicable threshold.
July 28, 2026
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Toy quality regulation and export support strengthen domestic manufacturing, safety compliance, market access, and competitiveness in the Indian toy sector.
Toy-sector measures combine quality regulation, import-duty changes, domestic manufacturing support, export facilitation, and promotional initiatives. The National Action Plan for Toys covers toy design, learning-oriented toys, quality monitoring, restrictions on unsafe imports, indigenous clusters, and domestic production. A Quality Control Order and BIS licensing framework support compliance with toy-safety standards. Cluster assistance, startup recognition, export-duty remission support, and zero-duty market access under specified trade agreements seek to strengthen competitiveness, while stated measures are associated with improved quality conformity, lower imports, and increased exports.
July 28, 2026
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Preferential market access under free trade agreements supports export diversification, labour-intensive sectors, and exporter use of tariff concessions.
India's FTA framework is used to promote preferential tariff utilisation, export diversification and expanded market access. The Government monitors recently operationalised agreements through Certificates of Origin and partner-country trade data. Agreements with the UAE, Australia, Mauritius, Oman and EFTA are associated with increased product-line coverage, tariff preference utilisation and export opportunities. Labour-intensive sectors receive priority through preferential access, while calibrated tariff liberalisation and transition arrangements seek to protect sensitive domestic sectors. Trade e-Connect and the Trade Intelligence and Analytics Portal support exporters with market intelligence, rules of origin guidance, trade data and export-performance monitoring.
July 28, 2026
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Preferential Market Access under free trade agreements supports export diversification, labour-intensive sectors, tariff utilisation and data-driven trade facilitation.
Preferential tariff utilisation under recently operationalised trade agreements is monitored through Certificates of Origin and partner-country trade data. Increased certificate issuance and expansion in exported HS-level tariff lines are treated as indicators of export diversification and market penetration. Labour-intensive sectors receive improved market-access opportunities under FTAs, while calibrated tariff liberalisation and transition arrangements preserve policy space for sensitive domestic sectors. Trade e-Connect and the Trade Intelligence and Analytics Portal provide exporters and policymakers with market intelligence, Rules of Origin guidance, FTA advisory services and trade-performance analytics.
July 28, 2026
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Sports-quota government recruitment recognised medal-winning student-athletes for public employment across defence, policing, railways and other government institutions.
Sports-quota recruitment enabled medal-winning student-athletes to obtain government employment on the basis of sporting performances at state, national and international levels. Appointments covered armed forces, central armed police and paramilitary organisations, railways, police, the Income Tax Department, a public-sector bank, sports departments and other government institutions. The described sports framework provides scholarships, coaching, infrastructure, dietary support, travel, accommodation, equipment and selection-oriented physical, mental and personality-development training.
July 28, 2026
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Sugar stock controls require dealers to limit inventory duration and quantity, declare holdings, and curb speculative buying.
Sugar dealers may not retain stock beyond thirty days from receipt or hold sugar above 4,000 quintals at any time or place. Government-account stocks and authorised Public Distribution System stocks are excluded. State Governments and Union territory administrations may prescribe limits only within the national ceiling and holding period. Dealers must declare and regularly update stock positions on the designated portal. The temporary restrictions are intended to maintain domestic availability, discourage speculative buying and contain sugar prices.
July 28, 2026
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Credit Profile Management requires timely repayments, controlled utilisation, selective borrowing and prompt correction of credit-report inaccuracies.
A healthy credit profile depends on timely repayment of EMIs and credit-card dues, controlled credit utilisation and selective applications for new credit. Missed payments, sustained high utilisation and multiple hard enquiries may affect credit health and lender assessment. Individuals should periodically review credit reports for inaccurate personal details, closed loans recorded as active, missing repayment updates, duplicate loan entries or incorrect payment status, and promptly seek correction of discrepancies. Regular monitoring of credit score, repayment history, active accounts and enquiries supports informed credit-management decisions.
July 28, 2026
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Gold loan repayment structures require borrowers to weigh EMI interest savings against bullet repayment cash-flow flexibility and maturity obligations.
Gold loans may be repaid through EMIs, which reduce principal and interest through periodic instalments, or through Bullet Repayment, which defers principal and accrued interest until maturity. The stated framework imposes tiered loan-to-value limits and caps consumption-purpose bullet loans at 12 months, with bullet-loan collateral assessment including projected interest. EMI repayment may reduce overall interest cost for borrowers with predictable income, while bullet repayment may preserve cash flow for borrowers expecting a defined future inflow. Borrowers should compare costs and review the Key Fact Statement before choosing a structure.
July 28, 2026
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Illicit trade prevention requires coordinated intelligence sharing, risk-based shipment controls and public-private cooperation to protect supply-chain integrity.
Illicit trade prevention requires coordinated regional action through institutional intelligence-sharing, joint enforcement, regulatory alignment and public-private engagement. Proposed measures include risk-based pre-export assurance, shipment controls, digital customs tools and common principles adaptable to sector-specific risks. India is identified as a dialogue partner that can support secure regional trade through enforcement cooperation, intelligence exchange and risk-based governance. Analytical research, market intelligence, product-identification awareness and voluntary track-and-trace initiatives may assist in addressing illicit tobacco trade and strengthening lawful trade integrity.

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Results of Comprehensive Modular Survey: Telecom, 2025 (January – March, 2025)

May 30, 2025

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Key highlights:

  • In rural areas, approximately 96.8 percent of persons in the age group 15-29 years used mobile phones at least once during the last three months for making personal calls and/ or accessing the internet. The use of mobile phones is estimated at 97.6 percent in urban areas.
  • In the age group 15-29 years, around 95.5 percent of persons own a smartphone among those persons who own a mobile phone (including smart phone) in rural areas. In urban areas, about 97.6 percent persons own a smartphone in the same age group.  
  • In rural areas, approximately 92.7 percent persons in the age group 15-29 years used the internet at least once during last three months. Whereas, in urban areas, about 95.7 percent persons of the same age group used the internet.
  • Among the persons in the age group 15-29 years who reported the ability to perform online banking transactions, about 99.5 percent persons reported to have the ability to perform online banking transactions through UPI.
  • In India, approximately 85.5 percent of households possessed at least one smartphone.   
  • Around 86.3 percent households in India have access to internet within the household premises.

Among the individuals in the age group 15-29 years, approximately 97.1 percent persons reported using a mobile phone (including smartphones) during the last three months from the date of survey.

As a part of the 80th round of the National Sample Survey (NSS), the Comprehensive Modular Survey: Telecom (CMS: T) was conducted from January to March, 2025. This initiative marks a significant step by National Statistics Office (NSO) towards implementing short-duration, focused surveys. This survey was undertaken with the primary objective to meet the requirements of the line ministry/ department of Government of India and there was no State participation in CMS: T. This survey was conducted along with the ongoing ‘Household Social Consumption: Health’ survey of NSS 80th round. The survey collected data on various aspects of mobile and internet usage at both the household and individual levels. Additionally, information on selected ICT skills was also captured. In this survey, data was collected through CAPI (Computer-Assisted Personal Interviews). The report is available on the Ministry’s website (http://www.mospi.gov.in).

Sample Design:

In this survey, a two-stage stratified sampling design was used, where First Stage Units (FSU) were villages/sub-units/sub-divisions in rural areas and Urban Frame Survey (UFS) blocks/sub-units/ sub-divisions in urban areas. The FSUs were allocated to States and UTs in proportion to the projected population figures as on 1st October 2024 as available from the report, ‘Population Projections for India and States 2011-2036’ of the Technical Group on Population Projections, Ministry of Health and Family Welfare, Government of India. The Second Stage Units (SSUs) were households in both rural and urban areas. The selection of FSUs and SSUs was done using Simple Random Sampling without Replacement (SRSWOR).

Survey Coverage:

The survey covered the whole of the India Union except for some villages of Andaman and Nicobar Islands which were difficult to access. At the all-India level, the total number of first-stage units (FSUs) surveyed was 4,382 (2,395 in rural areas and 1,987 in urban areas). The total number of households surveyed was 34,950 (19,071 in rural areas and 15,879 in urban areas) and the total number of persons enumerated was 1,42,065 (82,573 in rural areas and 59,492 in urban areas).

Important Caveat:

In rural area, around 92.7 percent persons in the age group 15-29 years used internet during last three months preceding the date of survey. In urban areas the use of internet, in the same age group, estimated at 95.7 percentage.

The primary objective of the CMS: T was to generate national-level estimates of telecom and ICT skills related indicators. However, state-level estimates based on the available sample observations have been generated and presented in this report. Therefore, users should interpret the survey results at the sub-national level with careful consideration of the associated sample size in the domain and Relative Standard Error (RSE). The information on the execution/ability to perform the ICT skills was collected based on the reporting of the informant only. While collecting this information, no tests of the ICT skills of the informants were performed. Furthermore, with reference to the information collected on online purchases, only goods have been taken into account, while services have been excluded.

It is also important to note that the survey-based estimated totals were used exclusively for calculating rates and ratios. These totals are not intended to serve as definitive population-level counts. Therefore, using these totals to directly interpret the estimates in absolute terms or for extrapolation, may lead to misleading conclusions and is not recommended. Users of the data are requested to interpret the findings with due consideration of these statistical limitations.

Major findings of the survey:

  1. Use of mobile telephone:

In CMS: T, a person was considered as ‘used a mobile phone (smartphone as well as mobile phone other than smartphone)’ if s/he used it for the purpose of making personal calls and/or accessing the internet at least once during the last three months preceding the date of survey. Among youth aged 15–29 years, approximately 97.1 percent reported the mobile phone usage in the last three months. As per the findings of the Comprehensive Annual Modular Survey (CAMS), 2022–23, conducted as part of the NSS 79th Round, the corresponding figure for this age group was estimated at 94.2[1] percent. Gender-sector-wise comparative estimates of percentage of persons used mobile in the age group 15-29 years are shown in Figure 1.     

  1. Mobile ownership:

In rural area around 79.2 percent males and 75.6 percent females in the age group ‘15 years and above’ own a smartphone among those who own a mobile phone. Whereas, in urban area the percentage estimated at around 89.4 and 86.2 percent for male and female, respectively, for the same age group.

In this survey, mobile phone ownership was defined as having a device with an active SIM card for personal use, including employer-provided phones and those not registered in the user’s name. Individuals with only SIM cards were excluded. While determining ownership, joint ownership of a single mobile phone is not considered; in such cases, ownership is determined based on the majority use criterion. At the all-India level, in the age group 15-29 years, approximately 73.4 percent persons own a mobile phone. Gender-sector-wise estimates of mobile ownership for the persons in the age group 15-29 years are shown in Figure 2.

  1. Use of internet:   

In the survey, a person was considered as ‘used internet’ if s/he accessed internet at least once during last 3 months, from any location, for any purpose and using any type of device (e.g. mobile, desktop, laptop, tablet, etc.). In the age group 15-29 years, around 94.3 percent persons used the internet at least once during last 3 months preceding the date of survey. Gender-sector-wise comparative estimates with CAMS, 2022-23 for the percentage of persons used internet in the age group 15-29 years are shown in Figure 3.

(iv) Sent messages with attached files

About 85.1 percent persons in the age group 15-29 years reported execution of the skill of ‘sent messages (e.g., e-mail, messaging service, SMS) with attached files (e.g., documents, pictures, video)’, using mobile or computer-like devices, during the last three months preceding the date of survey.

Whereas, 77.7 percent persons in the same age group reported execution of the skill during 2022-23 (CAMS, NSS 79th Round). Figure 4 gives gender-sector-wise comparative estimates of the percentage of persons executed the ICT skill in the age group 15-29 years during 2025 and 2022-23.

 

 

Indicator

Rural

Urban

Male

Female

Male

Female

15-24 years

Percentage persons used mobile during last three months preceding the date of survey

98.0

95.7

97.6

96.9

Percentage of persons own a mobile phone

74.8

51.7

82.7

69.5

Percentage of persons used the internet during last three months preceding the date of survey

95.7

91.1

97.0

95.0

Percentage of persons sent messages with attached files during last three months preceding the date of survey

87.7

80.4

91.9

87.7

15 years and

above

Percentage persons used mobile during last three months preceding the date of survey

89.5

76.3

95.0

86.8

Percentage of persons own a mobile phone

80.7

48.4

90.0

71.8

Percentage of persons used the internet during last three months preceding the date of survey

72.1

57.6

85.5

74.0

Percentage of persons sent messages with attached files during last three months preceding the date of survey

67.2

50.9

79.1

65.8

households

Percentage of households possessed at least one smartphone

82.1

91.3

Percentage of households have access to internet facility within household premises

83.3

91.6

 

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