The government has cautioned that unfunded Old Pension Scheme (OPS) liabilities could place severe pressure on the finances of states that adopt it. According to the Minister of State for Finance, long-term pension commitments without dedicated funding threaten fiscal sustainability. The warning underscores growing concerns over...
India’s services sector expanded at a faster pace in November, according to latest PMI data, signalling resilience in domestic demand. However, new export orders remained weak — indicating that the export engine continues to sputter amid global headwinds. The mixed outlook underlines both strengths and vulnerabilities...
Union Minister Mansukh Mandaviya announced that the government aims to extend social-security benefits to 100 crore workers by March 2026, up from the current coverage of 94 crore. The expanded coverage will rely on digital platforms, improved welfare delivery systems and streamlined enrolment across organised, unorganised...
The Central Government is preparing to make all four Labour Codes fully operational from April 1, with draft rules expected to be pre-published shortly for stakeholder review. These Codes — on Wages, Industrial Relations, Social Security and Occupational Safety — aim to simplify over 100 existing...
India’s insolvency and bankruptcy framework has received strong global recognition, with S&P upgrading India’s ranking in its international insolvency assessment. The rating agency cited faster resolution timelines, improved creditor recoveries and significant structural reforms as key strengths. The upgrade positions India as one of the more...
India’s risk-free yields — normally expected to follow a smooth, predictable curve — are showing unusual deviations across maturities. Analysts point to liquidity imbalances, supply-demand distortions in government securities and shifting expectations around fiscal policy as key factors widening the wedge. The phenomenon carries implications for...
India’s GST collections for November posted the slowest growth of the financial year, impacted primarily by the recent GST rate rationalisation and transitional adjustments. While overall mop-up remained stable, the month saw softer momentum due to revised slabs, procedural recalibrations and temporary compliance disruptions. Analysts expect...
As preparations for the Union Budget 2026 begin, it’s important to understand how one of India’s most influential policy documents is created. The budget-making process spans several months, involving economic assessments, inter-ministerial consultations, expenditure reviews and extensive parliamentary procedure. This article breaks down India’s systematic approach...
A parliamentary panel has recommended introducing an “advance ruling” mechanism within the Insolvency and Bankruptcy Code (IBC) framework to give companies and creditors legal clarity on key issues before insolvency proceedings begin. The aim is to cut down needless litigation, avoid delays and preserve the time-bound...
Revenue Secretary Sanjay Malhotra has highlighted the urgent need to strengthen data confidentiality safeguards and ensure effective, responsible use of shared information across government and regulatory agencies. As data exchange expands under digital-governance platforms, the government aims to tighten protocols, enhance data security and improve coordination...
The Central Government has sought parliamentary approval for ₹41,455 crore in additional expenditure for FY26 through the First Batch of Supplementary Demands for Grants. The proposed spending aims to support key welfare schemes, meet urgent sectoral requirements and strengthen critical government operations. Despite the additional outlay,...
Finance Minister Nirmala Sitharaman has clarified that the Ministry of Finance does not advise the Life Insurance Corporation of India (LIC) on its investment decisions. The clarification comes amid questions regarding LIC’s equity exposure in the Adani Group, with the minister stating that all such investments...
The Employees’ Provident Fund Organisation (EPFO) has disposed of nearly 99% of all higher-pension applications, according to the Labour Minister. The update signals significant progress in implementing the Supreme Court’s ruling that allowed eligible employees to opt for higher pensions under the EPS formula. The move...
Parliamentary standing committees have been granted additional time to submit their reports on two key legislative proposals: amendments to the Insolvency and Bankruptcy Code (IBC) and provisions under the Jan Vishwas Bill. Both legislations are central to India’s efforts to strengthen ease of doing business, accelerate...
India is assessing the feasibility of importing coking coal from Mongolia to diversify its supply sources, even as transport challenges and high freight costs pose significant obstacles. The move comes amid continuing geopolitical uncertainties, volatile coal prices and India’s need to secure stable inputs for its...
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