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August 17, 2026
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FCNR(B) concessional swap facility availability narrows to timely mobilised deposits amid rupee depreciation and foreign currency inflow concerns.
Foreign-exchange conditions reflected rupee depreciation amid weak domestic equity markets and higher crude oil prices. FCNR(B) concessional swap facility availability is confined to foreign currency deposits mobilised by banks within the revised cut-off period, replacing the previously longer mobilisation window. The facility is intended to encourage foreign currency inflows, while banks use the FCNR(B) scheme to mobilise foreign currency deposits through attractive interest rates.
August 17, 2026
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Banking sector review panel will align future growth with financial stability, inclusion and consumer protection through government recommendations.
High Level Committee on Banking for Viksit Bharat is proposed to comprehensively review the banking sector and align it with India's next phase of growth. It is intended to safeguard financial stability, financial inclusion and consumer protection, while providing views and recommendations to the Government on banking-sector development and reform.
August 17, 2026
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Prime Minister Internship Scheme enhances youth employability through paid industry exposure, cross-field learning, workplace readiness and potential full-time employment.
The Prime Minister Internship Scheme provides paid internships with leading companies across India to improve youth employability through practical workplace exposure, industry experience and skills development. It addresses the gap between classroom learning and employers' expectations of workplace readiness. Participation is not confined to academic qualifications, allowing youth to pursue fields of interest and gain hands-on professional learning. Strong internship performance may lead to full-time roles, while the scheme stresses responsible work where errors may affect quality, consumer safety and organisational reputation.
August 17, 2026
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SAFTA origin fraud in areca imports allegedly enabled improper duty exemption through false Bangladeshi-origin declarations.
SAFTA preferential duty treatment for areca-nut imports was allegedly misused by falsely declaring goods originating in South-East Asian countries as Bangladeshi origin. Since areca nuts normally attract 100% basic customs duty, the scheme sought to obtain the full SAFTA exemption reserved for qualifying Bangladeshi goods meeting Rules of Origin requirements. The alleged mechanism included routing goods through Bangladesh, changing containers and bags, using improperly obtained Certificates of Origin, and facilitating clearance through importers, Customs Brokers and IEC holders. Investigative findings also indicated cash proceeds, hawala channels and dummy entities.
August 17, 2026
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FCNR(B) concessional swap facility closure may reduce temporary foreign-currency inflow support and heighten rupee weakness concerns.
The Reserve Bank of India restricted its concessional swap facility for FCNR(B) deposits to deposits mobilised by August 31, advancing the earlier cut-off date. The facility was intended to encourage foreign-currency inflows, while banks mobilise such deposits through attractive interest rates. Market commentary indicated that existing inflows may support the rupee in the near term, but the curtailed availability of the facility could reduce this temporary cushion and increase depreciation risk.
August 16, 2026
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Temporary tariff suspension for earthquake recovery is sought to ease pressure on affected Colombian businesses.
Temporary suspension of high tariffs on Colombian products has been sought to support business recovery following a severe earthquake declared a natural disaster. The request links tariff relief to economic disruption affecting businesses amid extensive destruction, injuries and missing persons. United States emergency assistance has been provided through food, shelter and health supplies, while no response to the tariff-suspension request had been reported.
August 16, 2026
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Port-led industrial development and direct export operations aim to expand logistics infrastructure, market access and trade connectivity.
Mission Samudra is proposed as a port-led industrial and logistics development programme linked to the commencement of export-import operations at Vizhinjam seaport. It covers industrial clusters, new cities, port connectivity, logistics, development initiatives, programme management and capacity building. Direct export shipments are intended to improve overseas-market access and reduce transit time and logistics costs, particularly for small and medium enterprises. The framework also anticipates growth in warehousing, cold storage, container freight stations and logistics parks, supported by private participation and road and rail connectivity.
August 16, 2026
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Electric vehicle export diversification strengthens India's presence across European, Asia-Pacific and Latin American markets through expanding overseas demand.
India's electric motor car exports expanded sharply in the first quarter of 2026-27, reflecting increased international acceptance and competitiveness of India-manufactured electric vehicles. Europe became the principal export destination, led by Spain and the United Kingdom, with further demand across several European markets. Exports also reached Asia-Pacific markets, Nepal and emerging Latin American destinations. This wider market presence reflects improving quality and safety standards, stronger integration into global electric-vehicle supply chains, and diversification of India's electric-vehicle export profile.
August 16, 2026
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LPG production preparedness requires refiners and upstream producers to maintain capacity and increase output during supply constraints.
Government has established a standing LPG production preparedness framework under which refining companies, oil marketing companies and upstream producers may be directed to increase production during supply constraints. Companies must maintain adequate LPG storage, evacuation and transportation infrastructure and pursue technically and economically feasible production-enhancing measures. Written directions may prescribe production quantities and periods, including restrictions on alternative uses of input streams required for LPG. The production schedule is updated twice yearly to reflect new facilities and added capacity from infrastructure, technology and distribution improvements.
August 16, 2026
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Free trade agreement market access requires MSMEs, farmers and exporters to meet global quality standards.
Free trade agreements expand market-access opportunities for Indian MSMEs, exporters and producers through reduced or eliminated import duties on traded goods. Textiles, machinery, medicines, seafood and agricultural products can access international markets where they meet global standards and remain competitively priced. Farmers and producers are encouraged to develop export-oriented products, including chemical-free agricultural produce, while MSMEs may use preferential trade access to support manufacturing, exports, employment and growth.
August 15, 2026
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Chemical-free farming can strengthen agricultural exports by meeting global standards and responding to rising international demand.
Chemical-free farming is urged to meet growing global demand and expand agricultural exports. Agricultural products must meet global parameters to facilitate access to international markets, including markets opened through free trade agreements. Food processing, export-oriented farm production, and global branding of traditional cuisine, millets, spices, fruits and flowers are identified as important elements of agriculture and food production policy.
August 15, 2026
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Voluntary foreign asset disclosure allows eligible taxpayers to regularise overseas holdings with immunity from further tax, penalties and prosecution.
FAST-DS permits eligible taxpayers to disclose specified undisclosed foreign assets, foreign income, and foreign assets omitted from return schedules. Undisclosed assets or income not previously offered to tax may be declared up to Rs 1 crore on payment of an effective 60 per cent levy, based on fair market value as of 31 March 2026. Assets already offered to tax, or acquired during non-resident status but omitted from the return schedule, may be declared up to Rs 5 crore on payment of a fee. Valid declarations provide immunity from further tax, penalty and prosecution, while declared amounts are excluded from total income.
August 15, 2026
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Global pharmaceutical leadership is urged through Indian firms achieving top-five status, supported by generic manufacturing and export capacity.
Indian pharmaceutical companies are urged to attain representation among the world's five leading pharmaceutical firms, despite India's established position as a major producer of generic medicines. India has a broad manufacturing base, supplies generic medicines across numerous therapeutic categories, and exports to worldwide markets including highly regulated jurisdictions. Although pharmaceutical exports and the domestic market have expanded, Indian firms have not yet secured positions among the largest global companies. Greater international scale may be supported through acquisitions and expanded established-brand and branded-generic operations.
August 15, 2026
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Foreign asset voluntary disclosure permits eligible small taxpayers to regularise qualifying assets through tax, additional levy, and statutory immunity.
FAST-DS permits eligible small taxpayers to voluntarily disclose specified foreign assets or foreign income. It covers undisclosed foreign assets or income not offered to tax, subject to an aggregate value threshold of Rs 1 crore, and certain foreign assets omitted from the relevant return schedule, subject to a Rs 5 crore threshold and prescribed fee. Payment comprises 30 per cent tax and an additional equal amount. Disclosed income or investment is excluded from total income, with immunity from further tax, penalty and prosecution under the Black Money Act for the disclosed asset or income.
August 15, 2026
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Free trade agreement opportunities require MSMEs to meet global standards and expand exports across textiles, machinery, medicines and seafood.
Free trade agreements are presented as export-market opportunities for Indian MSMEs because they reduce or eliminate import duties on a substantial range of traded goods. MSMEs are urged to expand exports of textiles, machinery, medicines and seafood, including shrimp, by meeting global quality standards and offering products competitively. Their export role is linked to self-reliance and their significant contribution to manufacturing, exports, GDP and employment.
August 15, 2026
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Windfall gains tax on petroleum exports was reduced to support domestic fuel availability and limit export price advantages.
Special additional excise duty (windfall gains tax) on exports of petrol, diesel and aviation turbine fuel was reduced from 15 August 2026. Petrol export duty was reduced to nil, and export-duty rates on diesel and ATF were lowered. Duty rates for petrol and diesel cleared for domestic consumption remained unchanged. The export-duty framework seeks to maintain domestic petroleum-product availability and limit export advantages arising from higher global crude oil prices amid West Asia tensions.
August 15, 2026
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Energy self-reliance drives diversified fuel sourcing, expanded offshore exploration, and domestic capacity to reduce geopolitical supply vulnerability.
Energy security policy seeks to reduce exposure to geopolitical pressure and supply disruption caused by dependence on overseas fuel and strategic maritime routes. India is diversifying crude oil and LNG sourcing while strengthening domestic hydrocarbon production through offshore exploration, seismic surveys, exploratory drilling and shared infrastructure. Expanded access to sedimentary basins is intended to unlock domestic oil and gas resources. Wider piped natural gas coverage, solar generation, critical-mineral exploration, and nuclear and other non-fossil energy sources support the broader objective of energy self-reliance.
August 14, 2026
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Current account deficit widened as merchandise trade imbalance expanded, despite stronger services surplus, transfers, and positive capital inflows.
India's current account deficit widened in June 2026, principally because merchandise imports increased faster than exports and expanded the merchandise trade deficit. A higher services surplus, increased net transfers and a narrower net income deficit provided partial offsets. Net capital inflows, including foreign direct investment and foreign portfolio investment, supported a positive overall monthly balance. During the April-June quarter, despite increased services surplus and net transfers, the overall balance shifted to a deficit as the merchandise trade deficit widened.
August 14, 2026
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Concessional foreign-currency swap facility closes early for new FCNR(B) deposits while ECB and OFCB access remains available.
The concessional swap facility for FCNR(B) deposits encourages foreign-currency inflows and supports foreign-exchange liquidity. New FCNR(B) deposits eligible for the facility must be mobilised by 31 August 2026, while swaps for eligible deposits may be availed until 11 September 2026. The swap arrangement for External Commercial Borrowings and Overseas Foreign Currency Borrowings remains available until 31 December 2026.
August 14, 2026
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Insurance grievance redressal requires initial insurer complaint, prompt acknowledgement, and escalation through integrated monitoring channels when resolution remains unsatisfactory.
Insurance policyholder grievances must first be raised with the concerned insurer, whose Grievance Redressal Officer and Board-level monitoring committee oversee redressal. Complaints received through digital channels, correspondence or call centres are recorded in the insurer's Complaints Management System, integrated with Bima Bharosa. Insurers must acknowledge complaints immediately and resolve them within 14 days. Where no response is received within a reasonable period or the response is unsatisfactory, policyholders may escalate through Bima Bharosa or designated helplines, email or physical correspondence.

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HEALTHY POPULATION A KEY PILLAR TO ENSURE RESILIENT FUTURE: ECONOMIC SURVEY 2025-26

January 29, 2026

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INDIA ACHIEVES SUCCESSFUL REDUCTION IN MMR, U5MR, NMR SURPASSING GLOBAL REDUCTION TRENDS SINCE 1990s

THE INFANT MORTALITY RATE (IMR) DROPS BY MORE THAN 37 PER CENT OVER THE PAST DECADE

ICT INNOVATIONS SUCH AS AYUSHMAN BHARAT DIGITAL MISSION (ABDM) AND E-SANJEEVANI SUPPORT UNIVERSAL HEALTH SYSTEM REFORMS

MULTI-PRONGED STRATEGY NEEDED TO TACKLE THE PROBLEM OF OBESITY, SAYS ECONOMIC SURVEY

SURVEY STRESSES ON DIETARY AND POLICY INTERVENTIONS TO ADDRESS THE PROBLEM OF ULTRA-PROCESSED FOODS

INITIATIVES LIKE PRAGYATAH FRAMEWORK AND THE ONLINE GAMING (REGULATION) ACT, 2025 INTRODUCED TO ADDRESS DIGITAL ADDICTION AMONG CHILDREN

MENTAL HEALTH ISSUES ADDRESSED THROUGH TELE-MANAS AND THE SHUT (SERVICE FOR HEALTHY USE OF TECHNOLOGY) CLINIC AT NIMHANS, BENGALURU

SURVEY HIGHLIGHTS THE ROLE OF AI AND TECHNOLOGY DRIVEN SURVEYS TO IDENTIFY ‘HEALTH HOTSPOTS’

The country has made significant improvements in increasing access to healthcare by providing better and more affordable facilities through public investment in health, including access to preventive and curative care, nutrition, and health insurance. Infant and maternal mortality rates have reduced, immunisation coverage has expanded, and access to primary healthcare services has improved. Initiatives like the National Health Mission, Ayushman Bharat, and various disease control programmes have contributed to these advancements.

The Economic Survey 2025-26 tabled in the Parliament today by the Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman, draws attention to the importance of enhancements in public health for strengthening human capital and economic productivity.

Improved Health parameters:

The Survey documented that since 1990, India has reduced its maternal mortality rate (MMR) by 86 per cent, far exceeding the global average of 48 per cent. Similarly, a 78 per cent decline in the under-five mortality rate (U5MR) was achieved, surpassing the global reduction of 61 per cent and a 70 per cent decline in the neonatal mortality rate (NMR) compared to 54 per cent globally during 1990-2023.

Notably, the infant mortality rate (IMR) marked a drop of more than 37 per cent over the past decade, declining from 40 deaths per thousand live births in 2013 to 25 in 2023. This marks improvement in the state of neonatal and maternal care, as well as overall healthcare and socioeconomic conditions.

Digital technologies for better health care: The Survey points out the use of digital technologies and ICT innovations to build integrated healthcare and insurance systems that enhance transparency, minimise fragmentation, and expand access. Initiatives such as the Hospital Management Information System, Ayushman Bharat Digital Mission (ABDM), and e-Sanjeevani have enhanced citizens' access to digital health services, created digital employment opportunities, enabled evidence-based policymaking, and improved hospital management.

New age health concerns:

Obesity: Obesity is rising at an alarming rate and is today a major public health challenge in India. Driven by unhealthy diets, lifestyle changes, including sedentary lifestyles, increased consumption of ultra-processed foods (UPFs), it is affecting people across all age groups and increasing the risk of NCDs such as diabetes, heart disease, and hypertension.

The 2019-21 National Family Health Survey (NFHS) reports that 24 per cent of Indian women and 23 per cent of Indian men are overweight or obese. More troubling still, the prevalence of excess weight among children under five has risen from 2.1 per cent in 2015-16 to 3.4 per cent in 2019-21.

Recognising obesity as a critical public health concern, the government has launched interventions to a holistic approach that integrates health, nutrition, physical activity, food safety, and lifestyle modifications. Some examples include the POSHAN Abhiyaan & Poshan 2.0, Fit India Movement, Khelo India, Eat Right India, Nationwide Awareness Campaign – ‘Aaj Se Thoda Kam. Furhter, the FSSAI has launched the ‘Stop Obesity & Fight Obesity- Awareness Initiative to Stop Obesity’.

Ultra-processed foods (UPFs) are displacing long-established dietary patterns, worsening diet quality, and are associated with increased risk of multiple chronic diseases. The survey highlights how dietary reforms should be treated as a public health priority. India is one of the fastest-growing markets for UPF sales. It grew by more than 150 per cent from 2009 to 2023. This indicates the need to popularise locally grown food, traditional foods and use traditional practices like AYUSH (such as, the promotion of Yoga) for effective management.

Digital addiction: The Survey sheds light on the growing problem of digital addiction among children. Digital addiction negatively affects academic performance and workplace productivity due to distractions, ‘sleep debt’, and reduced focus. It also erodes social capital.  The survey notes the measures taken by the government to address this problem. The CBSE has issued guidelines on safe internet use in schools and school buses.  The Ministry of Education’s Pragyatah framework guides digital education planning with attention to screen time. At the same time, the National Commission for Protection of Child Rights has issued guidelines on screen time limits and online safety. 

Mental Health crisis: Closely linked with digital addiction is the degrading mental health of the youth. There is a high prevalence of social media addiction among those aged 15-24 with multiple Indian and global studies confirming it.  Social media addiction is strongly associated with anxiety, depression, low self-esteem, and cyberbullying stress. Other issues plaguing Indian youth include compulsive scrolling, social comparison and gaming disorders. These lead to sleep disruption, aggression, social withdrawal, and depression, with adolescent populations especially vulnerable.

Hence, the Survey notes, how the government has taken multiple measures towards addressing this issue. For instance, Tele-MANAS (Tele Mental Health Assistance and Networking Across States), launched by the MoHFW in October 2022, offers a 24/7 toll-free mental health helpline (14416) across all states and UTs, connecting callers to trained professionals at no cost. The Tele-MANAS app, launched in 2024, further expanded access. The service has received over 32 lakh calls since its launch, reflecting its relevance and impact.  The SHUT (Service for Healthy Use of Technology) Clinic at NIMHANS, Bengaluru, provides specialised care for excessive and compulsive technology use, focusing on adolescents and young adults. It also conducts free online sessions for parents to support healthier screen-time practices. The Online Gaming (Regulation) Act, 2025, represents a major step to address digital addiction and financial harm among youth.

Recognizing the importance of data, the upcoming Second National Mental Health Survey (NMHS), led by NIMHANS and commissioned by MoHFW, is expected to generate empirical and actionable insights into the prevalence of mental health issues in the Indian context.

The Economic Survey suggests the establishment of offline youth hubs, particularly in urban slums and rural areas to provide alternatives to digital spaces. Recognising that digital access cannot be fully restricted, moderated online safe spaces hosted by schools or similar institutions are also suggested. Schools play a critical role in shaping digital habits and hence, they should introduce a Digital Wellness Curriculum covering screen time literacy, cyber safety, and mental health awareness.

Use of AI and technology-driven surveys: The Survey highlighted the role of technology-driven surveys using platforms like the UDISE+, AISHE, ABDM and integration of AI tools in identifying 'health hotspots' such as prevalence of obesity in urban slums or rising digital addiction in peri-urban schools. Public-private partnership can help develop frontline workers-led initiatives in India, employing technology like mobile apps, AI chatbots (ASHABot), and digital dashboards (e.g., ASHA Kirana's M-CAT and ASHA Digital Health), to effectively manage chronic conditions such as diabetes, monitor infectious diseases including COVID-19, and enhance maternal and child health outcomes.

India's health sector require unwavering focus to unlock the nation's true potential, especially in addressing interconnected new emerging issues such as the double burden of CDs and NCDs, increasing digital addiction, concerning mental health issues, poor nutrition, and increasing obesity. A holistic approach including physical and mental health is essential to ensure a resilient future.

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