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    Bihar govt aiming to attract Rs 50 lakh crore investments in 5 years: Minister
    2 LPG tankers sail through Strait of Hormuz, 16 still stranded
    CBI claims over Rs 73K crore bank 'fraud' in Anil Ambani Group probe; ED flags IBC irregularities
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April 6, 2026
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Industrial development and credit support drive investment, entrepreneurship, and manufacturing growth across Bihar's priority sectors.
Industrial development is being prioritised through investment attraction, land allotment, project execution, and scheme-based financial support for startups, women-led ventures, micro-enterprises, and artisan sectors. The financing framework also includes efforts to increase bank lending, a committee to address credit concerns, higher lending through NABARD, and continued promotion of ethanol production and procurement alongside handloom, khadi, and handicraft initiatives.
April 6, 2026
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Strait of Hormuz transit remains open for Indian-flagged LPG tankers despite conflict disruptions
Indian-flagged LPG tankers continued to transit the Strait of Hormuz despite the West Asia conflict, with two additional vessels safely crossing and proceeding toward Indian ports while 16 other Indian-flagged vessels remained stranded in the Persian Gulf. Officials stated that maritime operations remained safe and uninterrupted, and that the vessels still in the region included LNG, LPG, crude, container, dredger, chemical, and bulk cargo ships. The report notes that no information was available regarding any fee for passage through the strait, and records that Iran has said non-hostile vessels may transit after coordination with Iranian authorities.
April 6, 2026
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Bank loan fraud and insolvency irregularities probe widens as agencies examine alleged collusion, NBFC funding, and discounted claims settlements.
Bank loan fraud allegations involving the Reliance Anil Ambani Group are under investigation by the CBI and the ED, with the CBI examining seven registered cases and the ED flagging a purported Project Help arrangement and possible insolvency irregularities. The agencies are pursuing connected cases involving financing through NBFCs, discounted settlement of claims, and the possible role of public servants, while being directed to coordinate, cooperate, and complete the inquiry in a fair, transparent, independent, and time-bound manner.
April 6, 2026
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Fiscal space supports targeted relief, capital spending, and potential rate cuts amid West Asia crisis pressure.
Fiscal prudence and debt management have created fiscal space to support sectors affected by the West Asia crisis, maintain the capital expenditure programme, and permit targeted relief measures in response to external volatility. The discussion also notes that the Reserve Bank has room to cut interest rates to address wider global challenges, with emphasis on maintaining policy flexibility, supporting affected sectors, and cushioning price pressures arising from the crisis.
April 6, 2026
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Strait of Hormuz supply risk keeps oil markets volatile as countries seek alternative energy routes.
Global oil markets remained volatile amid escalating military action involving Iran, Israel and the United States, with attention focused on the threatened reopening of the Strait of Hormuz and the wider disruption risk to energy supply routes. The shipping and trade implications of the Strait of Hormuz were highlighted as especially significant for countries dependent on imported energy, including Japan and South Korea, which were reported to be seeking reserve releases and alternative transport routes.
April 6, 2026
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Electoral allegations over ideological compromise, minority targeting and tax pressure shape Kerala campaign criticism and poll promises.
Allegations were made that the CPI(M)-led LDF had entered into a secret deal with the BJP and compromised ideology, accountability and responsibility to remain in power. The speech also accused the governments of suppressing dissent, targeting minorities, pressuring Christian institutions through Income Tax scrutiny, and favouring corporates through corruption and contract awards. The UDF's poll promises included five guarantees and a proposed increase in human-wildlife conflict compensation, with payment within seven days.
April 6, 2026
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Equity markets rebound as softer crude prices, stronger rupee and banking-led buying lift benchmark indices.
Equity markets staged a broad-based rebound as softening crude oil prices, reports of ceasefire efforts in West Asia, and improved global risk sentiment supported benchmark indices. Strong buying in banking and IT stocks, together with a firmer rupee, helped offset early intraday weakness and profit booking, while sectoral gains were led by PSU banks, private banks, financial services, consumer durables, and utilities. Energy and oil & gas stocks lagged.
April 6, 2026
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Incorporated services sector survey expands official data coverage through a user guide, clearer reporting, and transparent compliance support.
Launch of the first Annual Survey of Incorporated Services Sector Enterprises (ASISSE) establishes a nationwide statistical exercise covering incorporated services enterprises for the financial year 2024-25. The survey is intended to build a comprehensive database for the incorporated services sector and to generate operational and economic indicators relevant to evidence-based policymaking and economic analysis. An accompanying user guide explains the survey's objectives, coverage, concepts, definitions, reporting requirements, and respondent queries in a reader-friendly form.
April 6, 2026
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Digital public procurement platform GeM expands inclusive access with technology-driven transparency, efficiency and anomaly detection across government purchasing.
Government e Marketplace (GeM) has expanded as a digital public procurement platform with cumulative gross merchandise value reaching Rs.18.4 lakh crore and strong turnover in the financial year 2025-26, reflecting its role in enabling transparent, efficient and inclusive procurement across government entities. GeM has adopted an inclusive procurement framework to widen access for Micro and Small Enterprises, women-led enterprises, SC/ST enterprises and startups. Technology-driven tools using artificial intelligence, machine learning and advanced analytics support catalogue validation, anomaly detection, Bid Health Scores and monitoring of suspected collusion.
April 6, 2026
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Insolvency resolution plan stays subject to appellate review as the Supreme Court seeks an early NCLAT hearing.
In insolvency proceedings concerning Jaiprakash Associates Limited, the Supreme Court declined to stay implementation of the resolution plan approving the Adani Group's acquisition, while requiring that any major policy decision by the monitoring committee be taken only with prior leave of the National Company Law Appellate Tribunal. The Court requested the NCLAT to hear the competing appeals and counterclaims on an out-of-turn basis at the earliest, noting that the matter was already listed for final hearing and that the interests of the objecting bidder were sufficiently protected for the interim stage.
April 6, 2026
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Foreign exchange volatility curbed as RBI tightens bank exposure rules and supports rupee stability against the dollar.
Rupee appreciation against the US dollar followed Reserve Bank of India measures aimed at curbing speculative positions and reducing volatility in the foreign exchange market. The RBI tightened restrictions on banks' open foreign exchange exposures and onshore forward market activity, with traders describing the steps as supportive of the rupee. Market conditions nevertheless remained influenced by foreign capital outflows, a firm dollar, and crude oil prices amid geopolitical tension.
April 6, 2026
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Essential commodity price monitoring continues as officials report stable supplies and urge action against hoarding and black marketing.
Government monitoring of essential commodity prices remains continuous amid West Asia-related market concerns, with officials reporting no unusual volatility in wholesale or retail prices. The consumer affairs machinery is tracking daily rates of 40 commodities from 528 centres, maintaining a control room for coordination with states, and watching complaints through the National Consumer Helpline. States have been urged to act against hoarding and black marketing under the Essential Commodities Act, while the department continues efforts to safeguard food supply and market stability.
April 6, 2026
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Inflation targeting and cautious monetary policy shape RBI review amid crude oil shocks, currency weakness and geopolitical tensions.
The Reserve Bank of India's Monetary Policy Committee began its review amid expectations of an unchanged benchmark lending rate, as policymakers assess inflation risks from the West Asia crisis, volatile crude oil prices and currency weakness. The policy stance is expected to remain neutral, cautious and watchful, with liquidity conditions, transmission of past rate changes, financial market stability, capital flows and bond market dynamics also under consideration. The inflation-targeting framework continues to aim at 4% retail inflation with a 2% tolerance band on either side.
April 6, 2026
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Insolvency-linked acquisition bid stays on appellate track as the Supreme Court seeks expedited NCLAT decision.
The Supreme Court declined to interfere with the National Company Law Appellate Tribunal's order refusing to stay Adani Group's bid to acquire Jaiprakash Associates Ltd. It directed the NCLAT to decide the matter expeditiously, in relation to the insolvency-linked acquisition and interim relief sought in the appellate process.
April 6, 2026
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Insolvency resolution plan challenge continues as the appellate tribunal is directed to decide the JAL acquisition dispute expeditiously.
In the insolvency proceedings concerning Jaiprakash Associates Ltd., the Supreme Court declined to interfere with the appellate order that had refused to stay Adani Enterprises Ltd.'s resolution plan for acquisition of JAL. The Court directed the parties, including Vedanta Ltd. and the successful resolution applicant, to place their contentions and counterclaims before the National Company Law Appellate Tribunal, and asked the tribunal to decide the dispute expeditiously after taking up final hearing on the pending challenge to the acquisition plan.
April 6, 2026
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Fabricated passport allegations and shell company claims were said to rely on altered documents and false social media sources.
Allegations concerning the Assam chief minister's wife's passports, foreign properties and shell companies were described as fabricated and based on false information sourced from a Pakistani social media group. The chief minister asserted that Congress leaders circulated morphed or altered documents, including passport images and company records, to suggest ownership of assets in Dubai and links to companies in Wyoming, and said these materials contained internal anomalies such as mismatched numbers, inconsistent identity details and facial discrepancies.
April 6, 2026
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Rupee gains after tighter forex rules curb speculation and prompt banks to unwind dollar positions.
The rupee strengthened in early trade after the Reserve Bank of India tightened foreign exchange rules to curb speculative positions and cap banks' net open positions at USD 100 million. The reported movement reflected banks unwinding dollar positions ahead of the compliance deadline, while the measures were supporting the domestic currency in the short term. The currency remained under pressure from foreign capital outflows, a stronger dollar, higher crude oil prices, and broader geopolitical tensions.
April 6, 2026
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GST fraud racket exposed through fake firms, false invoices, and e-way bill manipulation linked to tax evasion.
Police in Meerut district unearthed a GST fraud racket involving fictitious firms, fake invoices, and wrongful accumulation of input tax credit. The gang allegedly used fake Aadhaar and PAN cards to set up companies, filed fraudulent GST returns, and manipulated e-way bills to evade tax and cause a revenue loss of about Rs 17 crore. One accused was arrested on the basis of a tip-off and technical evidence, and the investigation disclosed collusion with an accomplice and other persons involved in the racket.
April 6, 2026
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Geopolitical uncertainty lifts Asian shares as rising oil prices and Strait of Hormuz fears dominate markets.
Asian shares mostly rose as investors monitored rising oil prices and uncertainty surrounding the Iran war and the Strait of Hormuz. Japanese and South Korean benchmarks advanced, while crude prices climbed on fears that the conflict could prolong global supply risks. Market sentiment remained dominated by geopolitical uncertainty and expectations of further developments from the United States.
April 5, 2026
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Director disqualification breach and company control led to suspended prison sentences, fresh bans and confiscation proceedings.
Director disqualification was imposed after unchallenged findings that a company had wrongfully claimed funds from HM Revenue and Customs in connection with a tax fraud scheme. Despite the ban on running, managing, promoting or otherwise being involved in UK-registered companies, the director continued to control two pharmaceutical-related companies, and a spouse was found to have aided and abetted the breach while acting as the formal director of one company. The article also notes suspended prison sentences, fresh disqualifications and confiscation proceedings under the Proceeds of Crime Act 2002.

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News and Press Release

Launch of the first ever Annual Survey of Incorporated Services Sector Enterprises (ASISSE)

April 6, 2026

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Release of “Know Your Survey: A User Guide to the Annual Survey of Incorporated Services Sector Enterprises (ASISSE)”- a reader-friendly explainer on the survey

Highlights:

  • NSO launches the first ever Annual Survey of Incorporated Services Sector Enterprises (ASISSE) covering incorporated services sector enterprises across India with the reference period being the financial year 2024-25.
  • The survey is aimed at developing a comprehensive database of the incorporated services sector of the country.
  • The survey uses GSTN database as sampling frame. More than 1.21 lakh enterprises will be surveyed in ASISSE.
  • NSO publishes “Know Your Survey: A User Guide to the Annual Survey of Incorporated Services Sector Enterprises (ASISSE)” as part of MoSPI’s broader outreach efforts to engage with users and communicate survey processes in a more transparent and user-friendly manner.
  • The document explains the key aspects of the survey in a simple and structured manner for the participating enterprises as well as for the general public.

The National Statistics Office (NSO), Ministry of Statistics and Programme Implementation (MoSPI), launches the first ever Annual Survey of Incorporated Services Sector Enterprises (ASISSE) from April, 2026 covering all States and Union Territories; accompanied by an explainer document titled Know Your Survey: A User Guide to the Annual Survey of Incorporated Services Sector Enterprises (ASISSE), designed specifically for communicating survey processes in a user-friendly manner.

In terms of economic significance, the services sector contributes more than half of India's GDP, generates millions of jobs and has been a major catalyst for the country's economic transformation in the last few decades. ASISSE is envisaged to be a key source of official data on the incorporated services sector of the economy comprising of services like trade, transport, hospitality, information technology, education, heath, etc. and thereby representing one of the most dynamic components of India’s economy.

ASISSE is a significant initiative aimed at developing a comprehensive database of the incorporated services sector in India. A comparable database for the registered manufacturing sector already exists through the Annual Survey of Industries (ASI), conducted by the NSO, MoSPI. The unincorporated non-agricultural sector (excluding construction) is covered by the Annual Survey of Unincorporated Sector Enterprises (ASUSE) of MOSPI. Together, these three surveys provide a holistic view of the non-agricultural economy, capturing key indicators at both state and industry levels.

The survey covers corporate entities in the services sector – companies registered under the Companies Act, 1956/2013 or Limited Liability Partnership Act, 2008. With a sample size of approximately 1.21 lakh enterprises, the survey is expected to generate key operational and economic indicators, which are crucial for evidence-based policymaking and economic analysis. The survey will be conducted under the provisions of Collection of Statistics Act, 2008, as amended in 2017 and through the Jan Vishwas (Amendment of Provisions) Act, 2023 and data will be collected through a secure web-based portal.

On this occasion, NSO also releases an explainer document “Know Your Survey – A User Guide to ASISSE”, aimed at promoting greater awareness, transparency, and ease of compliance, and at improving the quality and reliability of data collected under ASISSE. The guide provides detailed information on survey objectives, coverage, concepts, definitions, and other relevant information in a clear and user-friendly manner. It addresses frequently asked questions and clarifies reporting requirements for selected enterprises. The document also includes a dedicated section for survey respondents, addressing their common queries, concerns, and doubts that may arise during the course of survey. The preparation of this document is aligned with global best practices followed internationally by national statistical systems in communicating survey design, processes, and outputs. The publication reflects NSO’s commitment to fostering a more informed, aware, and engaged data user community, thereby strengthening public trust in official statistics.

 

Link to MoSPI website: https://mospi.gov.in/

 

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