Context: The Government of India is considering incorporating Section 27 of the MSMED Act, 2006 into the proposed Jan Vishwas Bill 2.0, aiming to decriminalize minor offences related to non-disclosure of business information by Micro, Small and Medium Enterprises (MSMEs). Key Highlights: Section 27 of the MSMED Act Policy Impact Mint
Rupee Weakens Sharply Amid Trump Tariff Threats and Dollar Strength
Key Highlights Trigger: Trump’s Tariff Announcement Other Contributing Factors
Expand Financial Inclusion Using AI and Fintech Innovation: DFS Secretary
Context: At the CII’s 3rd Financial Inclusion and Fintech Summit (New Delhi, July 7), M. Nagaraju, Secretary of the Department of Financial Services (DFS), urged fintech firms to deepen financial inclusion by leveraging Artificial Intelligence (AI) and digital innovation, while also strengthening fraud and cyber risk management. Key Highlights: DFS Push for AI-Led Financial Inclusion Financial Inclusion & SDGs Progress in India’s Financial Inclusion (2014–2024) Indicator Before 2014 As of 2024 Adult bank account access 35% 99% Jan Dhan accounts opened Lakhs Over 50 crore BS
SEBI to Intensify Surveillance on Derivatives Trading
Context: SEBI Chairman Tuhin Kanta Pandey, speaking at a public event on Monday, announced that the regulator will strengthen surveillance mechanisms for India’s derivatives market. This comes in the backdrop of recent regulatory action against high-frequency trading firm Jane Street. Key Highlights: Focus on Derivatives Oversight Jane Street Case as a Trigger BS
Northeast District SDG Index 2023–24: NITI Aayog
Context: The NITI Aayog, in collaboration with the Ministry of Development of Northeastern Region (MDoNER) and supported by the United Nations Development Programme (UNDP), released its 2023–24 Northeast District SDG Index. The report highlights a sharp rise in the share of ‘front runner’ districts, signaling significant progress in localising Sustainable Development Goals (SDGs) across India’s Northeastern states. Key Highlights: Overall Performance Top-Performing Districts (2023–24) Rank District State SDG Score 1 Hnahthial Mizoram 81.4 2 Champhai Mizoram 79.8 State-Wise Performance State 2021–22 Front Runners 2023–24 Front Runners Arunachal Pradesh 13 16 Assam 23 31 Manipur 8 12 Meghalaya 1 10 Mizoram 7 11 Nagaland N/A 9 Sikkim 4 6 Tripura 8 8 Areas of Concern Despite the overall rise, decline in front runner status was noted for: About the Index PIB
National Overseas Scholarship (NOS)
Context: The Ministry of Social Justice and Empowerment has withheld provisional award letters for 66 out of 106 selected candidates under the National Overseas Scholarship (NOS) scheme for FY26, citing shortage of funds. About the National Overseas Scholarship (NOS) Scheme Target Beneficiaries Eligibility Criteria Criteria Details Education Master’s: Bachelor’s with ≥ 60%Ph.D.: Master’s with ≥ 60% Age Limit Not more than 35 years as of April 1 of the selection year Income Limit Annual family income ≤ â‚ą8 lakh University Unconditional admission to Top 500 QS-ranked universities Other Conditions – Not already studying or settled abroad – Max two children per family eligible Key Features TH
India’s Maternal Mortality Ratio (MMR)
Context: India’s Maternal Mortality Ratio (MMR) stands at 93 per 1 lakh live births (SRS 2019–21), showing notable improvement. However, regional disparities and healthcare system gaps persist, especially in Empowered Action Group (EAG) states. Key Highlights: Definition and Measurement MMR Data (2019–21) Why MMR Matters Key Challenges Government Initiatives TH
Digital Census 2027: India’s First Tech-Driven Population Survey
Context: The Registrar-General of India (RGI) has announced that the 2027 Census will be India’s first fully digital Census, leveraging mobile technology and self-enumeration portals to ensure faster data availability and improved accuracy. Key Highlights: TH
India’s SDG-4 Education Progress Report 2025
Context: The National Indicator Framework (NIF) Progress Report 2025 was released on the occasion of the 19th National Statistics Day. It tracks India’s progress on the 17 Sustainable Development Goals (SDGs) using 284 national indicators. Key Highlights: National Indicator Framework (NIF) Report 2025 UNESCO SDG-4 Scorecard 2025 (Education Focus) Facts Indicator 2025 Status Benchmark / Change Social protection coverage 64.3% ↑ from 22% (2016) GVA per agri-worker ₹94,110 ↑ from ₹61,247 (2015–16) Rural Gini coefficient 0.237 ↓ from 0.283 (2011–12) Reading proficiency (primary) ~45% Benchmark: 56% Education spending (GDP share) 3.1% Target: 4%–6% Renewable energy share 22.13% ↑ from 16.02% (2015–16) TOI & BS
Colombia and Uzbekistan Join New Development Bank (NDB)
Context: Colombia and Uzbekistan have become the latest members of the New Development Bank (NDB), also known as the BRICS Bank. The announcement was made ahead of the 17th BRICS Summit, during the 10th meeting of the NDB’s Board of Directors. The addition brings the total membership to 11 countries. Current Members of NDB About the NDB
