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    Government Strengthens Public Sector Banks Through Strategic Workforce Expansion
    Govt reviews households with dual LPG, PNG connections
    SC takes suo motu cognisance of delay in approval of resolution plans by NCLT
    IMEC momentum to boost Karnataka exports amid global trade disruptions
    UAE is leaving OPEC oil cartel. What could that mean for oil prices?
    Union Minister of Commerce and Industry Shri Piyush Goyal chairs review meeting on Plan of Action for achieving USD 2 Trillion Export Target by 2030-3...
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    Secretary, DFS Chairs review meeting on progress of Schemes of Financial Inclusion with Public Sector Banks (PSBs) and major Private Banks
    Chhattisgarh CM launches upgraded Seva Setu portal to expand digital access to govt services
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    Our objective is to give houses to 22,000 homebuyers of ailing Unitech: SC
    DFS takes measures for welfare of Persons with Disabilities (PwDs)
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    234 Homebuyers Get Relief as NCLT Approves Resolution Plan for Nirmal Lifestyle Mulund in INR 1,491 Cr. CIRP
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    10th India–Kenya Joint Trade Committee Meeting Held in Nairobi to Strengthen Bilateral Trade and Economic Cooperation
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April 30, 2026
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Workforce expansion in public sector banks aims to improve service delivery, financial inclusion, and operational capacity.
Public sector banks have been strengthened through calibrated human resource expansion, with recruitment aligned to manpower requirements and conducted through a centralised and standardised IBPS process intended to support transparency and efficiency. The staffing initiative has led to substantial year-on-year growth in selected candidates and is directed toward improving operational capacity, reducing workload pressures, enhancing customer service, supporting underserved areas, and advancing financial inclusion and credit outreach.
April 30, 2026
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LPG subsidy targeting tightens as households with PNG connections must surrender domestic gas links.
Government is identifying households with dual LPG and PNG connections under an order that bars PNG consumers from retaining or obtaining subsidised domestic LPG. Such consumers must surrender their domestic LPG connection, while government oil companies and distributors are prohibited from issuing new domestic LPG connections or supplying cylinder refills to them. The measure is aimed at curbing misuse, targeting subsidies better, and prioritising LPG supply for households without piped gas access.
April 30, 2026
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Resolution plan approval delays under insolvency law draw suo motu attention over backlog and tribunal capacity concerns.
Delay in approval of resolution plans by NCLT benches under the Insolvency and Bankruptcy Code has been taken up by the Supreme Court on a suo motu basis. The Court flagged shortage of manpower and infrastructure in the NCLT system and noted a large backlog of pending approval applications nationwide, with delays extending beyond 700 days. The matter was directed to be placed before the Chief Justice of India for assignment to an appropriate bench.
April 30, 2026
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Zero-rated exports under GST and IMEC momentum are strengthening Karnataka's trade prospects amid global disruptions.
The India-Middle East-Europe Economic Corridor is described as an alternative trade pathway to traditional maritime choke points amid geopolitical tensions, with the potential to improve connectivity and reduce freight and sailing-time costs. Exporters are also said to benefit from the GST regime because exports are treated as zero-rated supplies, allowing refund of input taxes. Recent measures have accelerated refund processing, reduced documentation and compliance costs, and eased working capital pressure.
April 30, 2026
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Oil supply independence may pressure prices as the UAE exits OPEC and alters market expectations.
The United Arab Emirates' withdrawal from OPEC and OPEC+ gives it independent control over production and exports, potentially increasing global oil supply outside collective quota agreements. The article explains that any price effect will depend on whether the UAE can raise exports despite shipping disruption through the Strait of Hormuz, and that markets may react immediately to expectations, speculation and uncertainty even before output changes occur.
April 30, 2026
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Export promotion strategy focuses on MSME support, market access, logistics and monitoring for the export target.
A review of the export promotion strategy focused on achieving India's USD 2 trillion export target by 2030-31 through a structured monitoring framework, inter-departmental coordination and IT-enabled tracking. The Export Promotion Mission was highlighted as a flagship MSME-focused initiative with two sub-schemes covering trade finance and market access, supported by operational components including credit support, testing and certification, warehousing, logistics and trade facilitation. The review emphasised ground-level delivery for exporters, especially MSMEs, agricultural exporters and first-time exporters, alongside stronger Brand India promotion.
April 30, 2026
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Insurance modernisation through digitalisation, customised products and wider outreach was emphasised to strengthen service delivery and growth.
Strategic review of the vision documents of four public sector insurance companies focused on improving operational efficiency, financial soundness, sustainable growth, human resource and IT strategies, and service delivery. The review emphasized reducing loss ratios, preserving market share, strengthening retail portfolios and rural and semi-urban presence, developing customised products for younger customers and emerging risks, and advancing full digitalisation. It also highlighted cybersecurity compliance, online insurance services, grievance redressal, prompt claims processing, and expansion of distribution networks through outreach and social media.
April 30, 2026
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Financial inclusion drive pushes banks to expand rural access, strengthen digital reach, and serve marginalised communities.
Public and private banks were reviewed on progress under financial inclusion schemes such as PMJDY, PMJJBY, PMSBY, APY and PMMY, along with related livelihood and welfare programmes. The review emphasised expansion of branches in unbanked villages, deployment of banking correspondents, resolution of infrastructure and connectivity issues, and strengthening of digital banking with assisted and vernacular support for last-mile access.
April 29, 2026
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Digital citizen services expand through Seva Setu with AI, WhatsApp access, multilingual support, and stronger service accountability.
Digital citizen service delivery under the Public Service Guarantee Act has been expanded through the upgraded Seva Setu e-District portal, designed to provide transparent, efficient, and more accessible government services through a single digital platform. The portal integrates artificial intelligence, Aadhaar-based e-KYC, DigiLocker, e-Pramaan, UMANG, WhatsApp, treasury and e-challan services, DBT linkage, QR-based verification, cloud storage, digital signatures, real-time dashboards, and MIS reporting, with availability in 22 Indian languages to reduce technical barriers and improve citizen access.
April 29, 2026
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Police custody extension in religious conversion and sexual harassment allegations involving TCS employees and suspected financial links.
Police custody of four TCS employees was extended in connection with allegations arising from the religious conversion of a male colleague, while investigators examined the money trail and suspected international links. The accused were also charged with sexual harassment and with acts alleged to insult or wound religious feelings under the Bharatiya Nyaya Sanhita. The matter was being heard in camera, and separate judicial custody proceedings were noted in respect of one female accused.
April 29, 2026
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Homebuyers' rights in stalled Unitech projects remain central as the court seeks an amicable resolution and faster completion.
The Supreme Court emphasised that the central objective in the Unitech proceedings was to secure delivery of homes to about 22,000 homebuyers and sought suggestions from the Centre-appointed board, banks, financial institutions, homebuyers and land-owning agencies for an amicable resolution. The background included earlier exemption from RERA registration to facilitate release of stalled homebuyer loans, management control being taken over by the Government, and authority given to the board to raise funds, monetise assets and complete housing units.
April 29, 2026
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Persons with benchmark disabilities: public sector financial institutions must strengthen reservation, equal opportunity, and grievance redress mechanisms.
Reservation for Persons with Benchmark Disabilities in direct recruitment and promotion is to be implemented by public sector banks, insurance companies and other public sector financial institutions in line with Government of India instructions. Public sector financial institutions are also advised to hold periodic meetings with PwD Employees Welfare Associations, appoint a Chief Liaison Officer or Liaison Officer, adopt an Equal Opportunity Policy with board approval, and establish a Grievance Redressal Officer for PwD employees.
April 29, 2026
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Supply-side shock from West Asia conflict heightens inflation risks, while India's domestic resilience and policy buffers provide partial insulation.
West Asia conflict is described as a supply-side shock that raises inflation, trade and financial-flow risks, while India's domestic demand, policy buffers and resilient financial system provide partial insulation. The report says energy and fertiliser supply uncertainty, a possible below-normal monsoon and a weaker rupee may intensify cost-push inflation, though banking-sector stability remains strong and the Reserve Bank of India is expected to maintain liquidity support. It also outlines trade measures, including the RELIEF scheme, Advance Authorisation reforms, maritime insurance arrangements and port-related facilitation.
April 29, 2026
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Legal skilling and employability platform bridges classroom learning with courtroom practice through practical training modules.
Legal skilling and employability platform launched in Maharashtra through the Maha Bar Bench Conclave 2026, described as the State's first dedicated initiative to bridge academic legal education with practical courtroom training. The conclave featured structured training modules, hands-on practice sessions, and live participation by law students, with the stated aim of improving courtroom readiness, professional confidence, and access to practice-oriented legal learning.
April 29, 2026
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Resolution plan approval in real estate insolvency protects homebuyers and advances completion of a stalled project.
Approval of a resolution plan for Nirmal Lifestyle (Mulund) Private Limited in corporate insolvency proceedings enabled completion of a stalled real estate project and addressed claims linked to about 234 homebuyers associated with the related partnership firm and its residential project, Nirmal Olympia, at Mulund. The plan was submitted by Mantra Properties and Developers Private Limited and reportedly received unanimous approval of the Committee of Creditors.
April 29, 2026
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Energy management and sustainability certification define Sahajanand Medical Technologies' manufacturing approach, alongside an IPO disclosure and investor risk notice.
Sahajanand Medical Technologies obtained ISO 50001:2018 Energy Management System certification for its manufacturing facilities in Surat and Hyderabad, reflecting a structured approach to energy management, improved energy efficiency, environmental stewardship, and integration of sustainability into manufacturing operations. The company stated that its energy management framework supports monitoring and optimisation of energy consumption, solar-powered installations, proactive environmental management, and broader climate change mitigation efforts.
April 29, 2026
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Renewable energy expansion and climate leadership shape India's push for cleaner growth, efficiency, and global economic engagement.
India's climate policy and energy transition are presented as a combined framework of renewable energy expansion, structural power-sector reform, and international climate leadership. India is described as having achieved its renewable energy goals ahead of schedule, raised clean energy ambitions, and strengthened a unified national grid to improve transmission efficiency, lower power costs, and support large-scale renewable integration. The transition to LED lighting and broader efficiency measures are highlighted as examples of how data-driven policy and behavioural change can reduce energy use and emissions while remaining economically viable.
April 29, 2026
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Battery technology and low-carbon innovation drive CIBF 2026, highlighting energy storage, recycling and carbon footprint management.
Battery technology, energy storage and low-carbon innovation are the central themes of CIBF 2026, a large-scale international industry event in Shenzhen covering the battery value chain, advanced materials, intelligent manufacturing and circular recycling technologies. The accompanying forums address next-generation battery technology, electric aviation batteries, large-scale energy storage deployment and carbon footprint management, while highlighting green development through fuel cells, low-carbon manufacturing and recycling solutions.
April 29, 2026
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Bilateral trade cooperation deepens as India and Kenya expand market access, customs facilitation and local currency settlement talks.
Bilateral trade and economic cooperation between India and Kenya was reviewed and strengthened at the Joint Trade Committee meeting in Nairobi, with emphasis on trade diversification, market access and institutional engagement. The discussions covered trade facilitation through standardisation cooperation, exchange of pre-arrival customs information, and possible use of local currency settlement mechanisms, along with broader sectoral collaboration in engineering, pharmaceuticals, agriculture, renewable energy, digital public infrastructure, capacity building and education.
April 29, 2026
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Sports-related intellectual property fee waiver promotes innovation, eases registrations, and supports creators across the sports ecosystem.
All intellectual property registrations connected with sports, including trademarks, copyrights, patents, designs, traditional knowledge and geographical indications, were announced to be exempt from fees for three years with immediate effect. The initiative was presented as a special drive to promote innovation in the sports ecosystem, along with facilitation support under existing schemes to help innovators, students, artisans and other stakeholders file and secure IP rights.

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News and Press Release

Cabinet approves Minimum Support Prices (MSP) for Kharif Crops for Marketing Season 2026-27

May 13, 2026

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The Cabinet Committee on Economic Affairs (CCEA) chaired by the Prime Minister Shri Narendra Modi has approved the increase in the Minimum Support Prices (MSP) for 14 Kharif Crops for Marketing Season 2026-27.

Government has increased the MSP of Kharif Crops for Marketing Season 2026-27, to ensure remunerative prices to the growers for their produce. The highest absolute increase in MSP over the previous year has been recommended for Sunflower Seed (₹ 622 per quintal) followed by Cotton (Rs. 557 per quintal), Nigerseed (Rs.515 per quintal) and Sesamum (Rs.500 per quintal).

Minimum Support Prices for all Kharif crops for Marketing Season 2026-27:

(Rs.per quintal)

S.

No

.

 

Crops

 

MSP 2026-27

 

Cost* KMS 2026-27

Margin over cost (%)

 

MSP

MS MSP Increase in 2026-27

 

 

Cereals

2025-

26

2013-

14

over 2025-26

over 2013-14

1.

Paddy

Common

2441

1627

50

2369

1310

72

1131

(86%)

 

Grade A^

2461

-

-

2389

1345

72

1116

(83%)

2.

Jowar

Hybrid

4023

2682

50

3699

1500

324

2523

(168%)

 

Maldandi

^

4073

-

-

3749

1520

324

2553

(168%)

3.

Bajra

2900

1858

56

2775

1250

125

1650

(132%)

4.

Ragi

5205

3470

50

4886

1500

319

3705

(247%)

5.

Maize

2410

1544

56

2400

1310

10

1100

(84%)

 

Pulses

6.

Tur /Arhar

8450

5496

54

8000

4300

450

4150

(97%)

7.

Moong

8780

5438

61

8768

4500

12

4280

(95%)

8.

Urad

8200

5418

51

7800

4300

400

3900

(91%)

 

Oilseeds

9.

Groundnut

7517

5011

50

7263

4000

254

3517

(88%)

10.

Sunflower Seed

8343

5562

50

7721

3700

622

4643

(125%)

11.

Soybean (Yellow)

5708

3805

50

5328

2560

380

3148

(123%)

12.

Sesamum

10346

6897

50

9846

4500

500

5846

(130%)

13.

Nigerseed

10052

6701

50

9537

3500

515

6552

(187%)

 

Commercial

 

 

 

 

 

 

 

14.

 

Cotton

(Medium Staple)

8267

5511

50

7710

3700

557

4567

(123%)

 

(Long Staple) ^

8667

-

-

8110

4000

557

4667

(117%)

*Refers to cost which includes all paid out costs such as those incurred on account of hired human labour, bullock labour/machine labour, rent paid for leased in land, expenses incurred on use of material inputs like seeds, fertilizers, manures, irrigation charges, depreciation on implements and farm buildings, interest on working capital, diesel/electricity for operation of pump sets etc., miscellaneous expenses and imputed value of family labour.

^ Cost data are not separately compiled for Paddy (Grade A), Jowar (Maldandi) and Cotton (Long staple)

The increase in MSP for Kharif Crops for Marketing Season 2026-27 is in line with the Union Budget 2018-19 announcement of fixing the MSP at a level of at least 1.5 times of the All-India weighted average cost of production, The expected margin to farmers over their cost of production are estimated to be highest in case of Moong (61%) followed by Bajra (56%), Maize (56%) and Tur/Arhar (54%). For rest of the crops, margin to farmers over their cost of production is estimated to be at 50%.

In the recent years, Government has been promoting the cultivation of crops, other than cereals such as pulses and oilseeds, and Nutri-cereals/ Shree Anna, by offering a higher MSP for these crops.

During the period 2014-15 to 2025-26, procurement of paddy was 8418 LMT while during the period 2004-05 to 2013-14, procurement of paddy was 4590 LMT.

During the period 2014-15 to 2025-26, procurement of 14 Kharif crops was 8746 LMT while during the period 2004-05 to 2013-14, procurement was 4679 LMT.

During the period 2014-15 to 2025-26, MSP amount paid to Paddy growing famers was Rs. 16.08 Lakh Crores while during the period 2004-05 to 2013-14, amount paid to farmers was Rs. 4.44 Lakh Crore.

During the period 2014-15 to 2025-26, the MSP amount paid to 14 Kharif crops growing famers was Rs. 18.99 Lakh Crores while during the period 2004-05 to 2013-14, MSP amount paid to farmers was Rs. 4.75 Lakh Crore.

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