Archive

1. Union Budget 2026–27 reiterates Ease of Doing Business as a growth pillar, prioritising digitisation, tax certainty, investor access and litigation reduction to strengthen confidence across sectors nationwide.

2. An interconnected single digital window for cargo approvals is proposed, enabling streamlined customs clearances, reduced interface duplication, faster releases, and lower compliance friction for trade participants and paperwork.

Key Takeaways

According to a NITI Aayog report (August 2024), India ranks firstglobally in the production of rice bran oil, castor seed, safflower, sesame, and niger.
National Mission on Edible Oils (NMEO)aims to strengthen the country’s oilseed ecosystem and achieve Atmanirbharta in edible oil production.

Key Takeaways

2025 Economic reforms focused on outcome-driven governance, simplifying systems, and boosting growth, inclusivity, and ease of doing business.

Key Takeaways

Government approves ₹7,280 crore scheme to establish domestic integrated REPM manufacturing ecosystem.

1) Viksit Bharat–G RAM G Bill, 2025 proposes replacing Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) with a new statutory rural employment framework linked to the Viksit Bharat 2047 vision.

2) The Bill raises the guaranteed wage employment to 125 days per rural household per financial year, compared to the earlier 100-day entitlement under MGNREGA.

Introduction

India’s labour ecosystem has undergone a significant structural transformation aimed at aligning worker welfare with the needs of a rapidly evolving economy. As employment expands across sectors and work arrangements diversify, the regulatory framework has been redesigned to ensure simplicity, security, and sustainability. The consolidation of multiple legislations into a streamlined structure reflects an effort to modernise labour governance while balancing economic growth with social protection.

Introduction

India’s economy is experiencing a phase of strong and broad-based expansion, marked by high growth, easing inflation, rising production, and improving employment indicators. The country has emerged as one of the fastest-growing major economies globally, supported by domestic demand, policy reforms, and increasing integration with global markets. This growth phase reflects a combination of structural transformation, macroeconomic stability, and sustained public and private investment.

Introduction

India’s banking system forms the backbone of economic activity by mobilising savings, facilitating credit, enabling payments, and supporting investment. Over time, the sector has transitioned from manual, branch-centric operations to a technology-driven ecosystem that supports large-scale financial inclusion. As banking operations expand in scale, complexity, and digital intensity, regulatory frameworks require periodic updating to ensure stability, transparency, depositor confidence, and sound governance. The Banking Laws (Amendment) Act, 2025 represents a comprehensive legislative response to these evolving needs.

India’s handicraft sector functions as a large, decentralized livelihood system rooted in rural and semi-urban areas. It supports artisan households through home-based or small-workshop production models that require relatively low capital but generate meaningful value addition. Beyond income, handicrafts sustain community skills transmitted across generations and reinforce cultural continuity through region-specific techniques, motifs, and materials. The sector’s breadth is reflected in hundreds of formally classified craft categories and a wide range of geographically distinctive products with recognized identity value.

Expansion of Banking Activity

Between 2015 and 2025, India’s banking system witnessed substantial expansion in both deposits and credit. Domestic deposits increased from about ₹88 lakh crore to over ₹231 lakh crore, while bank credit rose from nearly ₹67 lakh crore to more than ₹181 lakh crore. This growth reflects rising financial deepening, greater household participation, and increased flow of credit to productive sectors across the economy.