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    MCA expands eligibility criteria of the Prime Minister Internship Scheme (PMIS) to include final-year graduate and post graduate students.
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April 22, 2026
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Prime Minister Internship Scheme eligibility expanded to include final-year graduate and postgraduate students with institutional NOC requirements.
The Ministry of Corporate Affairs has expanded the eligibility criteria for the pilot phase of the Prime Minister Internship Scheme to include final-year undergraduate and postgraduate students, while requiring continued compliance with the existing eligibility criteria. Applicants must submit a No Objection Certificate from their educational institution confirming that participation in the internship will not interfere with academic requirements. The scheme is designed to provide structured, paid internship opportunities through the official PMIS portal.
April 22, 2026
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AI-driven revenue and workflow automation define BlueFocus's 2025 strategy, alongside expanded talent, investment, and overseas growth.
BlueFocus reported 2025 results showing stronger operating momentum and increased AI-driven revenue, with token usage exceeding one trillion as a measure of AI integration across workflows. The company said AI is embedded in social media insights, creator analysis, advertising risk control, creative extraction, budget adjustment, and video production through its Blue AI platform, while also expanding AI talent, AI Native investments, and overseas operating capacity.
April 22, 2026
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Savings accounts drive disciplined financial planning through budgeting, automation, digital tools and interest rate optimisation.
Savings accounts are described as the starting point of financial planning for salaried individuals at the beginning of a new financial year, when income flows, bonuses and revised compensation structures are reassessed. The article emphasises structured budgeting through multiple accounts or buckets, greater use of digital savings accounts, and optimisation of savings account interest rates through balance management, bank comparison and tier-based structures. It also highlights automation, emergency funds and the growing tendency to review and switch to more efficient banking solutions.
April 22, 2026
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Seafood export diversification drives record marine earnings as frozen shrimp leads growth despite weaker shipments to the United States.
India's seafood exports reached an all-time high in FY 2025-26, driven primarily by frozen shrimp, which contributed the largest share of export earnings. While shipments to the United States declined amid reciprocal tariffs, stronger growth in China, the European Union and Southeast Asia supported diversification across markets. Additional momentum came from frozen fish, squid, cuttlefish, dried items, live products, surimi, fishmeal and fish oil, with major ports continuing to account for most export value.
April 21, 2026
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Workplace sexual harassment allegations and delayed FIR claims shape bail plea in the TCS Nashik case.
Bail application filed by an accused in an alleged workplace sexual harassment and religious sentiments case at TCS's Nashik unit. The accused denied disparaging remarks about religion, claimed the complaint arose from frustration or parental pressure, and argued that the FIR was delayed without adequate explanation. The allegations include sexual harassment, deceitful inducement, and outrage of religious feelings, with Scheduled Castes and Scheduled Tribes (Prevention of Atrocities) Act provisions also invoked.
April 21, 2026
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Foreign exchange regulation eases as RBI partly rolls back non-deliverable forward curbs while the rupee weakens against the dollar.
The Reserve Bank's partial withdrawal of earlier curbs permits authorised dealers and banks to resume offering non-deliverable derivative contracts involving INR to resident and non-resident users, subject to restrictions on related-party transactions, while the USD 100-million cap on net open positions remains in force. The rupee also closed weaker against the US dollar amid a steady dollar, volatile crude prices, and geopolitical uncertainty.
April 21, 2026
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Delayed wages and labour unrest arise as garment workers protest salary arrears amid export pressure.
Delayed payment of salaries to garment factory workers led to a demonstration outside the plant, with employees alleging non-payment for recent months and severe hardship in meeting household expenses. The company acknowledged that salaries were due and attributed the disruption in garment exports to tariffs imposed by the United States and resulting financial pressure. Labour officials intervened and recorded an assurance that dues for the last two months would be settled, with further discussion proposed on salary irregularities and related worker issues.
April 21, 2026
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Political controversy over Kharge's "terrorist" remark highlights allegations of misuse of power and criticism of opposition language.
Political controversy arose over Congress president Mallikarjun Kharge's use of the word "terrorist" and his clarification that he meant the Prime Minister was "terrorising" political parties and people by misusing government machinery and central agencies. Union minister Annpurna Devi criticised the remark as a breach of political decorum, calling it evidence of frustration, intellectual bankruptcy and an anti-constitutional mindset.
April 21, 2026
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Income tax reform outreach promotes simplified procedures, transparency, and awareness for educational institutions and charitable trusts.
Promotional outreach on the newly introduced Income Tax Act, 2025 focused on financial literacy and awareness of provisions relevant to educational institutions and charitable trusts. The programme highlighted the Act's stated objective of simplifying procedures, reducing ambiguities, and promoting transparency through streamlined, technology-driven processes aligned with the Government's vision of Viksit Bharat 2047.
April 21, 2026
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Price stability and financial stability anchor RBI's growth framework, alongside digital inclusion, UPI expansion and CBDC innovation.
The Reserve Bank of India's role in supporting growth is explained through its core functions of price stability, financial stability and developmental support. The address highlights the Flexible Inflation Targeting framework, the need to manage uncertainty through robustness, gradualism, anchored inflation expectations, transparency and clear communication, and a data-dependent policy stance that looks through first-round supply shocks while preventing second-round inflationary effects. It also describes fiscal-monetary coordination, prudential regulation and developmental initiatives such as financial inclusion, UPI, the Unified Lending Interface and Central Bank Digital Currency.
April 21, 2026
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Customs cooperation and trade facilitation guide India-Bhutan discussions on border management, data exchange, and transit cargo movement.
Customs cooperation and trade facilitation between India and Bhutan were reviewed through the Joint Group of Customs framework, with attention to border management and cross-border movement of goods. The discussions covered coordinated border management, pre-arrival exchange of customs data, anti-smuggling enforcement, digitisation of customs processes, and transit cargo facilitation through the Electronic Cargo Tracking System, together with border infrastructure, harmonisation of procedures, and maritime enforcement briefings during the port visit.
April 21, 2026
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Delayed wages at a garment export unit spark worker protest over unpaid salaries and financial hardship.
Delayed salary payments at a garment export unit prompted a protest by more than a thousand workers, mostly women, outside the factory gate in Ranchi. The workers alleged non-payment of wages for prior months and complained of hardship caused by unpaid salary, while the company's HR management acknowledged that wages for the last two months were pending and said steps were being taken to clear the dues.
April 21, 2026
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Voluntary liquidation regulation reforms tighten claims handling, add termination safeguards, and shift procedural forms to circular-based notification.
Proposed amendments to the Voluntary Liquidation Process Regulations, 2017 revise claims handling, introduce a new termination mechanism, and move operational forms to Board circulars. The liquidator must record reasons for rejecting claims and communicate admission or rejection within seven days, while recourse against the decision is reframed as an approach to the Adjudicating Authority. A new Regulation 42 sets out termination safeguards, reporting requirements, seven-day intimation obligations, and the legal effect of termination on the liquidator's appointment and powers.
April 21, 2026
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Creditor-initiated insolvency resolution process: draft rules set approval thresholds, moratorium steps, and resolution plan procedures.
Introduces a proposed regulatory framework for the Creditor-Initiated Insolvency Resolution Process under the Insolvency and Bankruptcy Code, 2016, intended to facilitate faster, lower-cost restructuring with limited business disruption. The draft regulations set out the procedural architecture for initiation, commencement, conduct and closure-related matters, while relying on class notifications by the Central Government for eligible corporate debtors, initiating financial institutions and applicable thresholds and conditions. The initiation framework requires the applicant financial creditor to identify eligible financial creditors from information utility records or other available sources, convene a meeting, and obtain approval of at least fifty-one per cent in value of the debt owed to such creditors. The corporate debtor must be served notice of the intended initiation and may submit a written representation within thirty days; if the applicant continues, a further approval threshold applies.
April 21, 2026
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Firm and dispatchable renewable energy project commissioning advances with solar, wind and storage integration under demand-linked procurement.
Firm and dispatchable renewable energy (FDRE) project commissioning began for an integrated utility-scale renewable project combining solar, wind and battery storage under the Government of India's FDRE guidelines. The project is structured to deliver scheduled, demand-linked clean power through a single arrangement that aligns generation with distribution company demand profiles, and it is being commissioned through a tender-based power procurement framework supported by a power purchase arrangement and back-to-back power sale arrangements. The company also states that it is proposing an initial public issuance of equity shares, subject to statutory and regulatory requirements, approvals and market conditions, and that it has filed a draft red herring prospectus with the securities regulator and stock exchanges. The disclosure further notes that the offered equity shares are not registered under U.S. securities law, may not be publicly offered in the United States, and are intended to be sold only through exempt or offshore transaction structures, including to qualified institutional buyers in the United States.
April 21, 2026
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Battery innovation and green energy development take centre stage at CIBF 2026 in Shenzhen.
CIBF 2026, the 18th China International Battery Fair, is presented as a global platform for battery innovation, industrial cooperation and sustainable energy development. The fair will cover power batteries, energy storage systems, consumer batteries, advanced materials, intelligent manufacturing, recycling and circular economy technologies, and will include new product launch areas, business matchmaking zones and high-level forums on advanced battery technology, carbon footprint management, supply chain security and green recycling.
April 21, 2026
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India-Korea economic cooperation gains momentum as CEPA upgrade, industrial township and sectoral partnerships move forward.
India and the Republic of Korea have reaffirmed a commitment to expand bilateral economic engagement through a fast-track upgrade of the Comprehensive Economic Partnership Agreement, with focus on non-tariff barriers, rules of origin, market access and ease of doing business. The parties also highlighted the India-Korea Industrial Cooperation Committee, multiple MoUs, and a proposed Korea-specific industrial township in India to support investment and market entry. Priority sectors include semiconductors, electronics, advanced manufacturing, e-mobility, green energy, shipbuilding, digital trade and artificial intelligence.
April 21, 2026
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GST refund fraud through bogus ITC, dummy firms and fabricated export claims led to a major arrest at the airport.
GST refund fraud involving fraudulent availment and encashment of Input Tax Credit through bogus purchases, dummy entities and fabricated export claims. The alleged network used non-functional firms, borrowed KYC documents, fake invoices, layered paper transactions and centrally managed GST registration, invoicing, banking, return filing and refund claims to accumulate ineligible ITC in projected exporter entities. The scheme also involved misdeclaration of low-value tobacco products as high-value exports at inflated values, with no genuine manufacturing infrastructure, doubtful e-way bills, fabricated transport documents and circular fund movement. The matter further records alleged inflation of export turnover to divert bank funds and references related proceedings involving the persons concerned.
April 21, 2026
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Corporate restructuring approved for Vishakha group businesses through amalgamation, slump sale transfer, and merger of renewables operations.
The Competition Commission of India approved a proposed combination involving the restructuring of Vishakha Renewables Private Limited's renewables business and its merger with Vishakha Glass Private Limited. The combination includes transfer of the pipes division and mouldings division to Progressive Pipes Private Limited on a slump sale basis, amalgamation of Vishakha Renewables 1 Private Limited, Vishakha Metals Private Limited and Vishakha Metals 1 Private Limited into Vishakha Renewables Private Limited, and merger of Vishakha Renewables Private Limited into Vishakha Glass Private Limited as the merged entity.
April 20, 2026
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Bilateral trade agreement talks advance as India seeks preferential market access and tariff reductions with the US.
India and the US are negotiating finer details of a bilateral trade agreement after the US Supreme Court's decision against sweeping reciprocal tariffs imposed under the International Emergency Economic Powers Act. The framework already announced contemplates preferential access to the US market for India and tariff reductions on Indian goods, including removal of the tariff linked to Russian oil purchases and a further reduction in the remaining tariff burden, as both sides work toward expanded bilateral trade.

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PLI Schemes attract over ₹2.16 lakh crore investment, drive ₹20.41 lakh crore production and generate 14.39 lakh jobs

March 27, 2026

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Govt of India launched the ‘Make in India’ initiative on 25th September 2014 to facilitate Investment, foster Innovation, build best in class Infrastructure, and make India a hub for manufacturing, design, and innovation. Presently, Make in India 2.0 focuses on 27 sectors including 15 manufacturing sectors, implemented across various Ministries and Departments and State Governments. The list of sectors under Make in India 2.0 is enclosed at Annexure I.

The other major measures taken up under the “Make in India” initiative include Start- up India, National Single Window System, GIS enabled Land Bank, Foreign Direct Investment (FDI) policy reforms, PM Gati Shakti National Master Plan for integrated planning of multimodal infrastructure, Project Monitoring Group to remove bottlenecks in setting up of major infrastructure projects, setting up of industrial parks, interventions to improve ease of doing business, measures for reduction in compliance burden, rationalization of labor laws, introduction of Goods and Services Tax, policy measures to boost domestic manufacturing through public procurement orders and Phased Manufacturing Programme (PMP).

As part of Make in India initiative, the Production Linked Incentive (PLI) schemes have been  implemented  across  14  key  sectors,  namely  Large-Scale  Electronics Manufacturing (LSEM), IT Hardware, Pharmaceuticals, Bulk Drugs, Medical Devices, Automobiles and Auto Components, Advanced Chemistry Cell Batteries, Solar PV modules, Telecom & Networking Products, Food Processing, Textiles, Specialty Steel, White Goods, Drones & Drone Components by incentivizing incremental production and sales,. The PLI schemes have facilitated fresh investments in the identified sectors and supported the expansion of manufacturing capacities.

The PLI schemes have generated investments exceeding ₹2.16 lakh crore as of 31th December 2025. The investments made under the PLI Schemes have led to incremental production and sales of over ₹20.41 lakh crore, as of 31st December, 2025. Further, the Schemes have resulted in an employment generation of over 14.39 lakh (direct and indirect), and 836 applications have been approved across all 14 sectors covered under the PLI framework.

The impact of PLI Schemes has been significant across various sectors in India. The Schemes have contributed substantially towards strengthening domestic manufacturing capacity, enhancing exports, generating employment and reducing the import dependence across multiple strategic sectors. Details of actual investments, increase in production and employment generation during the last three years is enclosed at Annexure II. The state-wise data under PLI is not centrally maintained.

To support the development of Micro Small and Medium Enterprises (MSMEs), the Central Government supplements the efforts of State/UT Governments through various schemes, programmes and policy initiatives. This inter alia includes various schemes and programmes such as:-

  1. Prime Minister's Employment Generation Programme (PMEGP): PMEGP provides margin money subsidy up to 35%, for setting up of new micro enterprises, in the non-farm sector with project cost of Rs. 50 lakh for Manufacturing and Rs. 20 lakh for Service enterprises.

  2. Credit Guarantee Scheme for Micro and Small Enterprises:The scheme is implemented through Credit Guarantee Fund Trust for Micro and Small Enterprises to provide credit guarantee for loans extended to MSEs. The ceiling for guarantee coverage under the scheme is Rs 10 crore.

  3. Self-Reliant India (SRI) Fund: The fund has been set up to infuse Rs. 50,000 crore as equity funding in MSMEs with a provision of Rs. 10,000 crore from the Government of India and Rs. 40,000 crore through Private Equity/Venture Capital Funds. The Budget 2026-27 has also announced a support of Rs 2000 crore to top up the Self-Reliant India Fund set up in 2021 to continue support to micro enterprises and maintain their access to risk capital.

  4. Under the Digital India programme, the Ministry of Electronics and Information Technology (MeitY) offers services on Digital Infrastructure as a Utility, Governance and Services on Demand, Digital Empowerment of Citizens and MSMEs. Digital payments are also done by MSMEs through different platforms.

To attract investments and provide an enabling eco-system for the overall development across states and sectors the Central Government in collaboration with State Governments implements various schemes such as National Industrial Corridor Development Programme, UNNATI for the North-eastern States, New Central Sector Scheme for Jammu and Kashmir, Startup India.

Under the National Industrial Corridor Development Programme (NICDP), various greenfield industrial areas/region/nodes are being developed across India with the objective of creating manufacturing and investment destinations that are globally competitive. Till date about 20 projects under NICDP have been approved. Moreover, Industrial parks are being developed in partnership with state governments and private sector. There are currently 306 plug-and-play industrial parks in India, and an additional 20 plug-and-play industrial parks and smart cities are being developed by the National Industrial Corridor Development Corporation (NICDC).

The UNNATI (Uttar Poorva Transformative Industrialization) Scheme provides support to industries to enhance regional infrastructure, generate employment, and promote resilience and economic growth in the North-eastern States. Under this scheme, incentives like Capital Investment Incentive (CII), Capital Interest Subvention (CIS) and Manufacturing & Services linked incentive (MSLI) are being provided.

For the Industrial Development of Jammu and Kashmir, the Government of India is implementing the New Central Sector Scheme (NCSS), 2021 with a financial outlay of ₹28,400 Crore for encouraging new investments. Incentives like Capital Investment Incentive (CII), Capital Interest Subvention (CIS), Goods & Services Tax Linked Incentive (GSTLI) and Working Capital Interest Subvention (WCIS) are being provided under this scheme.

Further, the Government has approved the Employment Linked Incentive (ELI) Scheme to support employment generation, enhance employability and social security across all sectors, with special focus on manufacturing sector. With an outlay of Rs 99,446 Crore, the ELI Scheme aims to incentivize the creation of more than 3.5 Crore jobs in the country, over a period of 2 years. Out of these, 1.92 Crore beneficiaries will be first timers, entering the workforce.

The Government has been implementing the PM Internship Scheme with an objective to enhance industry-relevant skills, improve job readiness, and foster professional exposure through structured internships in India’s top-performing companies and institutions. In Round I of the Pilot Project, more than 1.81 lakh candidates have applied and the partner companies made over 82,000 internship offers to over 60,000 candidates. In Round II, more than 2.14 lakh candidates have applied and the partner companies made over 83000 internship offers to over 71000 candidates.

The Government has also been taking up various measures for facilitating and promoting investments across sectors through interventions to improve ease of doing business and policy measures to boost domestic manufacturing, which include National Single Window System, GIS enabled Land Bank, Foreign Direct Investment (FDI) policy reforms, PM Gati Shakti National Master Plan for integrated planning of multimodal infrastructure, Project Monitoring Group to remove bottlenecks in setting up of major infrastructure projects.

This information was given by the Minister of State for Ministry of Commerce & Industry, Shri Jitin Prasada, in Rajya Sabha today.

ANNEXURE-I

ANNEXURES REFERRED TO IN REPLY TO PARTS (a) to (c) OF THE RAJYA SABHA UNSTARRED QUESTION NO. 3880 FOR ANSWER ON 27.03.2026

Manufacturing Sectors

  1. Aerospace and Defence

  2. Automotive and Auto Components

  3. Pharmaceuticals and Medical Devices

  4. Bio-Technology

  5. Capital Goods

  6. Textile and Apparels

  7. Chemicals and Petro chemicals

  8. Electronics System Design and Manufacturing (ESDM)

  9. Leather & Footwear

  10. Food Processing

  11. Gems and Jewellery

  12. Shipping

  13. Railways

  14. Construction

  15. New and Renewable Energy

Service Sectors

  1. Information Technology & Information Technology enabled Services (IT & ITeS)

  2. Tourism and Hospitality Services

  3. Medical Value Travel

  4. Transport and Logistics Services

  5. Accounting and Finance Services

  6. Audio Visual Services

  7. Legal Services

  8. Communication Services

  9. Construction and Related Engineering Services

  10. Environmental Services

  11. Financial Services

  12. Education Services

 

ANNEXURE-II

ANNEXURES REFERRED TO IN REPLY TO PARTS (a) to (c) OF THE RAJYA SABHA UNSTARRED QUESTION NO. 3880 FOR ANSWER ON 27.03.2026

Details of actual investments, increased in production and employment generation under PLI Schemes

Details/Year

Upto FY 2022-23

Upto FY 2023-24

Upto FY 2024- 2025

Upto FY 2025-26*

Investments

0.51 lakh crore

1.18 lakh crore

1.76 lakh crore

2.16 lakh crore

Sales/Production

4.50 lakh crore

9.71 lakh crore

16.50 lakh crore

20.41 lakh crore

Employment

3 lakhs

8 lakhs

12 lakhs

14.39 lakhs

*upto 31st December 2025

Topics

Acts Income Tax