Bombay Stock Exchange (BSE) and Department of Posts (DoP) sign MoU to expand mutual fund access across India.
[Bombay Stock Exchange (BSE), Department of Posts (DoP)]
Key Updates:
- BSE and Department of Posts sign MoU to enable distribution of mutual fund products through India Post’s network.
- Selected DoP employees will be trained and onboarded as certified mutual fund distributors via BSE StAR MF platform.
- MoU valid for three years from December 12, 2025, with provisions for renewal.
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- Master Capital Services, a wholly owned subsidiary of Master Trust, has received in-principle approval from the Securities and Exchange Board of India (SEBI) to sponsor a mutual fund.
- India’s mutual fund industry assets under management have broken through the Rs 70 trillion mark.
- The proposed mutual fund will create equity, hybrid, and multi-asset schemes using a combination of quantitative investment methodologies with a bottom-up approach.
- MoU signed between Department of Posts (DoP) and Bharat Sanchar Nigam Limited (BSNL) on 17 September 2025.
- Objective: Expand BSNL mobile connectivity reach across India by leveraging India Post’s 1.65 lakh post offices as Points of Sale for SIM sale and mobile recharge services.
- Key Feature: Post offices will act as PoS; BSNL provides SIM stock and training, DoP onboards customers and facilitates secure transactions.
- Implementing Agencies: DoP (Citizen Centric Services & RB) and BSNL (Sales and Marketing-Consumer Mobility).
- Duration: Agreement effective for one year from 17.09.2025, renewable thereafter.
- Shri Vivekanand Gupta, Regional Provident Fund Commissioner of EPFO, has been selected for the Public Financial Asset Management (PFAM) Program 2025–26.
- He is the only Indian and the first EPFO official to be selected for this program.
- The PFAM Program is jointly organised by the World Bank–Milken Institute.
- The program is hosted at Bayes Business School, UK.
- It provides advanced training in capital markets and asset management to professionals from central banks, sovereign wealth, and pension funds.
- IDFC FIRST Bank signed an MoU with FPSB India under the Approved Corporate Partner initiative.
- FPSB India will upskill IDFC FIRST Bank's Wealth Management Regional Managers through specialised training and certification programs.
- The collaboration supports hiring initiatives and creates enhanced career pathways for CERTIFIED FINANCIAL PLANNER® professionals.
- FPSB India is the Indian subsidiary of Financial Planning Standards Board Ltd. and offers the globally recognised CFP® certification.
- FPSB India is home to over 3,215 CFP® professionals in India and part of a global network representing more than 230,648 CFP® professionals worldwide.
Ministry of Statistics and Programme Implementation (MoSPI) records CPI inflation at 0.71% for November 2025.
[Ministry of Statistics and Programme Implementation (MoSPI)]
Key Updates:
- Headline inflation rose to 0.71% in November 2025, up from 0.25% in October.
- The All India Consumer Food Price Index (CFPI) shows a year-on-year inflation rate of -3.91% for November 2025.
- Rural headline inflation reached 0.10% in November 2025, up from -0.25% in October.
- Urban headline inflation increased to 1.40% in November 2025 from 0.88% in October.
- Fuel and light inflation stood at 2.32% year-on-year in November 2025, rising from 1.98% in October.
Brookfield Asset Management invests $1 bn to build Asia's largest GCC facility in Maharashtra.
[Brookfield Asset Management, Maharashtra]
Key Updates:
- Brookfield Asset Management will invest more than $1 billion to create a 2 million sq ft global capability centre (GCC) facility in Maharashtra.
- The facility will be the largest in Asia and will create over 15,000 direct jobs and support another 30,000 indirect jobs.
- Brookfield aims to more than triple its assets under management in India to $100 billion over the next five years.
- Maharashtra introduced a dedicated GCC policy earlier this year targeting the creation of 4 lakh new jobs.
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- India’s Foreign Direct Investment (FDI) rose over 18% in April-September to USD 35.18 billion.
- FDI equity inflow during April-September stood at USD 16.55 billion.
- Inflows from the US more than doubled to USD 6.62 billion in April-September.
- Services sector accounted for 16% of total FDI equity inflow, amounting to USD 5.10 billion.
- Maharashtra received the highest share of FDI equity inflow at 31%, totaling USD 10.57 billion.
- Karnataka and Gujarat followed with 21% and 15% of FDI equity inflow respectively.
- Telangana attracted total investment commitments of nearly Rs 5.75 lakh crore at its global summit.
- Investment proposals worth Rs 2.9 lakh crore were attracted on the final day of the summit.
- MoUs were signed across multiple sectors including food and agriculture, electronics, manufacturing, data centres, and biotechnology.
- Top firms pledging investments included Godrej Industries Group, Reliance Consumer Products Limited (RPCL), Kaynes Technology India Limited, and Bharat Biotech.
- Godrej Group pledged Rs 150 crore to expand its dairy business.
- Reliance Consumer Products Limited (RPCL) plans a Rs 1,500 crore investment for a manufacturing facility for beverages, snacks, confectionery, and other consumer products.
- Electronics manufacturer Kaynes Technology India Limited committed Rs 1,000 crore as part of its expansion plans.
- JCK Infra pledged Rs 9,000 crore for data centre facilities.
- APG Group plans to invest Rs 6,750 crore for a hyperscale data centre campus.
- Infrakey Data Centre Parks announced an investment of Rs 70,000 crore.
- Tokyo-headquartered NTT DATA Group announced a Rs 10,500 crore AI data centre cluster in Hyderabad in April.
- The Brookfield-Axis Energy Ventures consortium committed to an MoU worth Rs 75,000 crore.
- Adani Group is setting up a 48-megawatt AI green data centre in Telangana with an investment of Rs 2,500 crore.
- Andhra Pradesh has seen over Rs 13 lakh crore investment commitments.
- The summit has been instrumental in attracting over Rs 13 lakh crore worth of investment agreements, backed by nearly 640 Memorandums of Understanding (MoUs).
- The commitments are expected to generate approximately 16.3 lakh jobs across sectors.
- Energy emerged as the largest investment category, accounting for Rs 5.3 lakh crore of the total commitments.
- Reliance Industries announced plans for a 1 gigawatt (GW) Artificial Intelligence Data Centre alongside a 6 gigawatt peak (GWp) solar facility.
- Alphabet, Google’s parent firm, plans to invest $15 billion in Andhra Pradesh to build a major AI data hub center in the state.
- Adani Group announced an investment commitment of Rs 1 lakh crore over the next decade across renewable energy, ports, logistics and digital infrastructure.
- The combined infrastructure initiative for Drone City in Kurnool and the Twin Space Cities in Sri Sathyasai and Tirupati carries a projected Rs 25,000 crore investment value.
- The Solar Energy Corporation of India (SECI) finalised agreements to establish a 1,200 megawatt-hour (MWh) Battery Energy Storage System (BESS) in Nandyal and a 50 megawatt (MW) hybrid solar plant.
- The Raymond Group announced a Rs 1,201 crore expansion plan covering apparel production, automotive component manufacturing and aerospace engineering.
- The state approved 12 new projects valued at Rs 2,320 crore as part of the Sri City industrial cluster expansion.
International Labour Organisation (ILO) flags India as second globally for share of workers exceeding 49-hour week
[International Labour Organisation (ILO)]
Key Updates:
- International Labour Organisation (ILO) data shows 51 per cent of Indian employees work more than 49 hours weekly, placing India second globally behind Bhutan.
- India’s average worker clocks 46.7 hours per week, down from 63.4 per cent of workers exceeding 49 hours in 2018 to 50.5 per cent in 2023.
- Work-related suicides linked to career problems totaled 2,083 cases in 2022, with youth aged 18-30 accounting for 38.5 per cent of such cases.
- Maharashtra reported the highest share of work-related suicides at 30.7 per cent, followed by Gujarat at 16.4 per cent and Karnataka at 11.4 per cent.
- Share of women working over 49 hours weekly rose from 13.2 per cent in 2018 to 16.1 per cent in 2023, while men’s share dipped from 86.8 per cent to 83.9 per cent.
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- The World Inequality Report 2026 (WIR) situates India as one of the world’s most unequal large economies.
- In India, the top 10% earners capture 58% of national income.
- In India, the bottom 50% receives only 15% of national income.
- The top 10% in India holds about 65% of national wealth.
- The top 1% in India holds about 40% of national wealth.
- India's average annual income per capita (PPP) is 6,200 Euros.
- India's average wealth per capita (PPP) is 28,000 Euros.
- India's female labour participation rate is 15.7%, showing no improvement over the past decade.
- In 1980, a larger share of India’s population was in the “middle-40%” globally, but now almost all are in the bottom 50% globally.
- Globally, the top 10% of the population earn 53% of global income, while the bottom 50% receive only 8%.
- Globally, the top 10% own 75% of all global wealth, while the bottom 50% own only 2%.
- The global top 0.001% (fewer than 60,000 people) hold three times more wealth than the poorest 50% of humanity combined.
- Since the 1990s, the wealth of billionaires has grown at approximately 8% annually, nearly twice the rate of growth experienced by the bottom half of the population.
- MoU signed between the Government of India and the International Labour Organisation (ILO).
- The agreement aims to develop an 'International Reference Classification of Occupations'.
- The initiative seeks to facilitate global job opportunities for youth, address skill gaps, and enhance labor market efficiency and collaboration.
- The MoU is expected to support India's vision of becoming a global skill and talent hub.
- It is anticipated to bridge global skill gaps and bolster employment opportunities for youth worldwide, particularly through well-managed skill-based migration pathways.
- India's overall unemployment rate (persons of 15 years and above) declined to 5.1% in August 2025, down from 5.2% in July and 5.6% in June.
- Urban male unemployment fell from 6.6% in July to 5.9% in August, while rural male unemployment declined to 4.5%.
- The overall rural unemployment rate dropped successively for three months from 5.1% in May 2025 to 4.3% in August 2025.
- Female Worker Population Ratio (WPR) rose for two consecutive months to 32.0% in August 2025 from 30.2% in June.
- Female Labour Force Participation Rate (LFPR) increased from 32% in June to 33.7% in August, with rural female LFPR rising from 35.2% to 37.4%.
- The overall Labour Force Participation Rate rose to 55% in August from 54.2% in June.
- The Periodic Labour Force Survey (PLFS) estimates are based on a survey of 3,76,839 persons in rural areas and 2,15,895 in urban areas, totaling 5,92,734 individuals.
- Unemployment rate on usual status for persons aged 15 years and above declined from 6.0% in 2017-18 to 3.2% in 2023-24.
- In Maharashtra, unemployment rate on usual status dropped from 4.8% in 2017-18 to 3.3% in 2023-24.
- Maharashtra rural unemployment declined from 3.2% to 2.1%.
- Maharashtra urban unemployment reduced from 7.4% to 5.2%.
- Unemployment for 15-year-plus population stood at 5.1% in August 2025 and 5.2% in September 2025.
- Rural unemployment was 4.3% in August 2025 and 4.6% in September 2025.
- Urban unemployment was 6.7% in August 2025 and 6.8% in September 2025.
- Pradhan Mantri Viksit Bharat Rozgar Yojana targets creation of over 3.5 crore jobs over two years with Rs 99,446 crore outlay.
- Code on Social Security, 2020 provides paid maternity leave of 26 weeks and mandatory crèche facility in establishments having 50 or more employees.
Reserve Bank of India (RBI) reports India's forex reserves rise to $687.26 billion
[Reserve Bank of India (RBI)]
Key Updates:
- India’s foreign exchange reserves increased by $1.03 billion to $687.26 billion for the week ending on December 12, 2025.
- In the previous reporting week, India's forex reserves had dropped by $1.877 billion to $686.227 billion.
- Foreign currency assets decreased by $151 million to $556.88 billion for the week ended December 5.
- Value of the gold reserves increased by $1.188 billion to $106.984 billion during the week.
- The Special Drawing Rights (SDRs) were up by $93 million to $18.721 billion.
- India's reserve position with the IMF was down by $97 million to $4.675 billion in the reporting week.
Similar / Past Coverage
- RBI combines a three-year USD/INR buy-sell swap of $5 billion with open market purchases of government securities worth Rs 1 lakh crore to inject durable liquidity.
- The measures accompany a 25 basis point repo rate cut to 5.25%, taking the cumulative reduction since February to 125 bps.
- The rupee has fallen 5% this year, becoming Asia’s worst performer and breaching the 90-per-dollar mark.
- Foreign portfolio investors have withdrawn more than Rs 1.5 lakh crore, while foreign direct investment and overseas borrowing remain subdued.
- Currency analysts expect USD/INR to trade within the 89.40–90.95 range.
- India’s foreign exchange reserves fell by $4.472 billion to $688.104 billion in the week ended November 21.
- Foreign currency assets declined by $1.69 billion to $560.6 billion.
- Gold reserves decreased by $2.675 billion to $104.182 billion.
- Special Drawing Rights dropped $84 million to $18.566 billion.
- India’s reserve position with the IMF fell $23 million to $4.757 billion.
- India’s foreign exchange reserves increased by USD 5.543 billion for the week ended 14 November.
- The total foreign exchange reserves reached USD 692.576 billion.
- This rise followed a decline of USD 2.699 billion in the previous reporting week, when reserves had slipped to USD 687.034 billion.
- The surge was largely driven by gold holdings, which rose by USD 5.327 billion, taking the total to USD 106.857 billion.
- Foreign currency assets (FCAs) saw a modest rise of USD 152 million, bringing the total to USD 562.29 billion.
- Special Drawing Rights (SDRs) increased by USD 56 million to USD 18.65 billion.
- The reserve position in the IMF was higher by USD 8 million, reaching USD 4.779 billion.
- India’s foreign exchange reserves fell by $5.6 billion in the week ended October 31, 2025.
- The total foreign exchange reserves stood at $689.73 billion as of October 31, 2025, according to the Reserve Bank of India (RBI).
- In the week preceding, the reserves had dipped by $6.92 billion to $695.36 billion.
- Foreign currency assets, a major component of the reserves, decreased by $1.9 billion to $564.59 billion for the week ended October 31.
- The value of gold reserves declined by $3.8 billion to $101.72 billion during the week.
- Special Drawing Rights (SDRs) were down by $19 million to $18.64 billion.
- India's reserve position with the IMF was up by $16.4 million at $4.77 billion in the reporting week.
- The Reserve Bank of India undertakes interventions in the foreign exchange market to moderate undue volatility in the rupee’s exchange rate and preserve orderly trading conditions.
All India Institute of Medical Sciences (AIIMS) Delhi Conducts India's First Dedicated Clinical Trial of Advanced Brain Stent
[All India Institute of Medical Sciences (AIIMS) Delhi]
Key Updates:
- All India Institute of Medical Sciences (AIIMS) Delhi has achieved a milestone in stroke care by conducting the country's first dedicated clinical trial of a cutting-edge and advanced brain stent made for treating severe strokes.
- The GRASSROOT trial, which evaluated the Supernova stent (Gravity Medical Technology), has found excellent safety and efficacy outcomes in the treatment of severe strokes, say officials.
- The results were published in the ‘Journal of Neurointerventional Surgery’ (JNIS), part of the prestigious British Medical Journal group.
- AIIMS Delhi was the national coordinating centre and the lead enrolling site for the GRASSROOT trial – India's first clinical trial of a new and advanced stroke treatment device, the Supernova stent.
- Earlier this year, data from the GRASSROOT trial were accepted by the Central Drugs Standard Control Organisation (CDSCO) and the Supernova stent-retriever was approved for routine use in India.
- This is the nation's first stroke device cleared based on a domestic clinical trial.
- Conducted across eight centres, the trial marks a milestone for the Make-in-India initiative and positions India as a global player in advanced stroke care.
- Developed by Gravity Medical Technology, Supernova is designed for India’s diverse patient population, where strokes often strike patients at a younger age than in the West.
- The device has already treated more than 300 patients in Southeast Asia.
- It will now be manufactured and made available in India at affordable prices, offering new hope to the 1.7 million Indians who suffer strokes each year.
Similar / Past Coverage
- Centre of Excellence for Artificial Intelligence, Skill Development, and Innovation inaugurated by Union Minister Jitendra Singh at Graphic Era (Deemed to be University), Dehradun
- Facility houses Uttarakhand's first NVIDIA AI and High-Performance Computing unit with NVIDIA DGX B200 system, 8 GPUs and 1.74 TB GPU memory
- Includes Apple iOS Development Centre established in collaboration with Apple and Infosys
- Built at cost of over Rs 10 crore across 1.5 lakh sq. ft. to support research in healthcare, agriculture, environment, smart cities and advanced industries
- Graphic Era University is India's first Generative AI Ready Campus powered by AWS and ranked 48th in NIRF 2025
- UNESCO has approved the world’s first international framework on the ethics of neurotechnology.
- The framework, named 'The Recommendation', sets out global safeguards to ensure that advances in brain-related technologies respect human rights, mental privacy and personal dignity.
- It urges governments to develop national regulations that protect mental privacy, ensure equitable access to therapeutic technologies and prevent misuse in commercial or employment settings.
- The Recommendation highlights the risk of products that can influence behaviour or foster dependency, calling for clearer oversight and evidence-based evaluation.
- It calls for bans on non-therapeutic use of neurotechnology involving children, and stresses the need for explicit consent, transparency and safeguards for vulnerable communities.
- The framework was drafted by an international expert group led by neuroscientist Hervé Chneiweiss and legal scholar Nita Farahany.
- The Recommendation’s adoption at UNESCO’s General Conference in Samarkand marks the first attempt to build global governance around neurotechnology.
- Scheme Name: Central Rehabilitation Register (CRR) – fee waiver and validity extension initiative by Rehabilitation Council of India (RCI)
- Key Feature: CRR registration, renewal, and qualification addition fees completely waived; validity extended from 5 to 7 years
- Beneficiary: Students and rehabilitation professionals across India
- Additional Feature: Automatic renewal for professionals earning 100+ Continuing Rehabilitation Education (CRE) points; online correction via digital dashboard at no cost
- Initiative: 144 Centers of Excellence (CoEs) designated for 7-year approval tenure and automatic extension
- Objective of CoEs: Ensure academic quality, participate in expert panels, examination boards, and academic reviews
- Governance Reform: Common No Objection Certificate (NOC) system and reduced approval fees for institutions
- Transparency Measure: Video-based inspections and Improvement Notice mechanism before re-inspection
- Examination Reform: Supplementary exams within 75 days of results; uniform grace marks; paper setters/moderators/examiners drawn exclusively from CoEs
- Inclusion Initiative: Promotion of Indian-authored books and regional language resources; special submission link on RCI website for Indian authors/publishers
- Name: Research, Development and Innovation (RDI) Fund with corpus of Rs 1 lakh crore
- Implementing structure: Two-tier model—special purpose fund under Anusandhan National Research Foundation (ANRF) managed by Department of Science and Technology
- Fund deployment: Capital routed through second-level fund managers (AIFs, DFIs, NBFCs) guided by independent investment committees