PROVISIONAL ESTIMATES OF SERVICE PRODUCER PRICE INDICES (BASE YEAR 2022-23) FOR Q1 OF FY 2026-27 AND FINAL INDICES FOR Q4 OF FY 2025-26

India, Aug. 24 -- The Government of India has issued a release: S. No. Service PPI Q4: 2025-26 (F) Q1: 2026-27 (P) 1. Securities Transaction Service Price Index 91.7 89.9 2.(a) Banking Service Price Index 100.5 100.9 2.(b) Banking Service Contribution Index 131.5 134.8 3. Management of Pension Funds Service Price Index 103.8 113.3 4. Insurance Service Price Index 102.9 102.9 5. Telecom Service Price Index 112.2 112.2 6. Railway Service Price Index 103.3 103.4 6.(...


India Post Accelerates Digital and Infrastructure Transformation with Upgraded Dak MITRA and Dak Sewa Apps

India, Aug. 24 -- The Government of India has issued a release: The Department of Posts has taken significant steps towards modernising postal service delivery with the rollout of upgraded Dak MITRA and Dak Sewa mobile applications and the inauguration of 14 renovated Post Office buildings across the country. Shri Jyotiraditya M. Scindia, Union Minister of Communications and Development of North Eastern Region, and Dr. Chandra Sekhar Pemmasani, Union Minister of State for Communications and Rur...


President of India Smt Droupadi Murmu to Confer National Awards to Teachers on 21 teachers/faculties of HEIs and Polytechnics on Teachers Day 2026

India, Aug. 24 -- The Government of India has issued a release: The President of India Smt Droupadi Murmu will confer National Awards to Teachers (NAT) on 21 teachers/faculties of Higher Education Institutions (HEIs) and polytechnics at Vigyan Bhawan, New Delhi on September 5, 2026. It was in 2023 that it was decided to institute two categories of awards for HEIs and polytechnics under the umbrella of the National Awards to Teachers. Till then, the awards were conferred on school teachers only...


GENESIS Entrepreneur-in-Residence (EIR) Cohort-3 Launched at GENESIS NextGen Startup Summit - Coimbatore Edition

India, Aug. 24 -- The Government of India has issued a release: The Ministry of Electronics and Information Technology (MeitY), through MeitY Startup Hub (MSH), has launched GENESIS Entrepreneur-in-Residence (EIR) Cohort 3, a national-level programme to support aspiring entrepreneurs, innovators, researchers, students and early-stage startup founders in transforming innovative ideas into technology-driven ventures. GENESIS EIR 3.0 was launched at the GENESIS NextGen Startup Summit, Coimbatore E...


India restored 21.76 mn ha Land during 2011-2020, generating 1.22 bn person-days of Employment: Shri Bhupender Yadav at UNCCD COP17 in Ulaanbaatar, Mongolia

India, Aug. 24 -- The Government of India has issued a release: Union Minister for Environment, Forest and Climate Change Shri Bhupender Yadav today said that land restoration is an established national priority for India and is integral to the country's efforts on sustainable land management, biodiversity conservation, climate action and rural development. Speaking at a side event organised by the IUCN at the 17th Conference of the Parties (CoP 17) to the United Nations Convention to Combat De...


India calls for Diversified, Adequate, Predictable and Sustained International Finance for Land Restoration and Drought Resilience at UNCCD CoP17, at Ulaanbaatar, Mongolia

India, Aug. 24 -- The Government of India has issued a release: Union Minister for Environment, Forest and Climate Change, Shri Bhupender Yadav, today highlighted India's innovative and diversified financing architecture for land restoration and drought resilience at the Ministerial Dialogue on 'Innovative Financial Mechanisms for Healthy Land and Drought Resilience', during the 17th Conference of Parties (CoP17) of the UN Convention to Combat Desertification (UNCCD), at Ulaanbaatar (Mongolia)....


Central Bureau of Narcotics (CBN) and PHARMEXCIL Sign Memorandum of Understanding to Boost Legitimate Pharmaceutical Exports and Strengthen Regulatory Cooperation

India, Aug. 24 -- The Government of India has issued a release: In a significant step towards facilitating legitimate international trade and preventing the diversion of pharma products, the Central Bureau of Narcotics (CBN), Department of Revenue, Ministry of Finance, Government of India and the Pharmaceuticals Export Promotion Council of India (PHARMEXCIL), set up by Ministry of Commerce and Industry, Govt of India signed a Memorandum of Understanding (MoU) today at the CBN Headquarters in Gw...


RBI's USD-INR Swap Facility Sparks Unprecedented Forex Inflows into India, Banks Raise USD 73 Billion in eleven weeks

India, Aug. 24 -- The Government of India has issued a release: The Reserve Bank of India's special USD-INR forex swap facility for FCNR(B) deposits, Overseas Foreign Currency Borrowings (OFCB) and External Commercial Borrowings (ECB), launched on June 8, 2026, has driven an unprecedented surge in foreign exchange inflows into the country by mobilizing total foreign exchange inflows of US $73 billion as on August 21, 2026. FCNR(B) deposits alone accounted for US $65.40 billion, underlining the ...


Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman will embark on official visit to Canada and USA from 25th August to 2nd September 2026

India, Aug. 24 -- The Government of India has issued a release: Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman will later undertake an official visit to Canada and the United States of America from 25th August to 2nd September 2026, with a focus on strengthening bilateral economic and financial partnerships, deepening investment linkages and advancing cooperation on shared global economic priorities. During her visit to Toronto, Canada, Smt. Sitharaman will participat...


UPI Completes 10 Years of Digital Payments Revolution- Globally Recognised as World's Largest Real-Time Payment System

India, Aug. 24 -- The Government of India has issued a release: UPI AT A GLANCE: KEY STATISTICS (NPCI) Annual Transaction Volume (FY2016-17) 1.78 Crore Annual Transaction Volume (FY2025-26) 24,162 Crore CAGR 188% Annual Transaction Value (FY2016-17) Rs.0.07 Lakh Crore Annual Transaction Value (FY2025-26) Rs.314 Lakh Crore CAGR 155% YoY Volume Growth (2025-2026) 30% YoY Value Growth (2025-2026) 21% Daily Average Transactions (2026) 66 Crore Record Monthly Volume (July 2026) 2...