Ministry of Statistics and Programme Implementation invites nominations for Sukhatme National Award in Statistics 2026
[Ministry of Statistics and Programme Implementation]
Key Updates:
- The Ministry of Statistics and Programme Implementation has invited online nominations for the Sukhatme National Award in Statistics 2026 through the National Awards Portal.
- The award recognises Indian statisticians aged 45 years and above for lifetime contributions to official statistics.
- Nominations must be submitted by January 31 2026 and the award will be presented on Statistics Day June 29 2026.
Similar Coverage
- United Nations Population Fund India (UNFPA India) honored International Union for the Scientific Study of Population (IUSSP) for receipt of the 2025 United Nations Population Award during the 46th Annual Conference of the Indian Association for the Study of Population.
- Shireen Jejeebhoy is President of IUSSP.
- Andrea M Wojnar is Representative of UNFPA India.
- The conference theme is 'People, Planet, Prosperity.'
- BW Legal World announced the winners of the 6th Edition of 40 Under 40 Lawyers and Legal Influencers Awards 2025.
- The awards ceremony was held in Delhi and recognised emerging legal professionals for exceptional contributions in corporate advisory, dispute resolution, regulatory practice, technology transactions and cross-border mandates.
- Abhinav Mishra, Founder of Chambers of Abhinav Mishra, was among the award winners.
- Aditya Ganju, Partner at AG Chambers, was among the award winners.
- Akshay Sachthey, Partner at Shardul Amarchand Mangaldas & Co., was among the award winners.
- Deepika Narayan Bharadwaj, Director of Ekam Nyaay Foundation, was among the award winners.
- Shashank Agarwal, Founder of Legum Solis, was among the award winners.
- Varun Singh, Founder & Managing Partner of Foresight Law Offices India, was among the award winners.
- BW Legal World (BWLW) announced the winners of the 6th Edition of the 40 Under 40 Lawyers and Legal Influencers Awards 2025 on December 21, 2025.
- The award ceremony was hosted in Delhi and brought together rising leaders from across India’s legal and policy ecosystem.
- The 40 Under 40 Awards 2025 jury comprised distinguished individuals including Dr U.K. Chaudhary, Dr Anurag Batra, Rakhi Biswas, Pramod Dubey, and Arvind Nayar.
- The winners included Abhinav Mishra of Chambers of Abhinav Mishra, Abhisaar Bairagi of Khaitan & Co, Arjit Pratap Singh of Adani Energy Solutions, and Prateek Sethi of Bharti Group.
- The awards recognized practitioners for exceptional contributions in corporate advisory, dispute resolution, regulatory practice, technology transactions, and cross-border mandates.
- The jury also included legal experts such as Gopika Pant of Indian Law Partners, Harry Chawla of Luthra & Luthra Law Offices India, and Vani Mehta of GE Aerospace.
- National Water Awards 2024 instituted by Department of Water Resources, River Development & Ganga Rejuvenation, Ministry of Jal Shakti
- Objective: "to promote awareness on water conservation and highlight grassroots efforts aligned with the government's 'Jal Samridh Bharat' vision"
- 46 winners across 10 categories (Best State, Best District, Best Village Panchayat, Best Urban Local Body, Best School/College, Best Industry, Best Water User Association, Best Institution, Best Civil Society, Best Individual)
Reserve Bank of India (RBI) reports India’s forex reserves rose $392 million to $687.19 billion
[Reserve Bank of India (RBI)]
Key Updates:
- India’s foreign exchange reserves jumped by $392 million to $687.19 billion in the week ended January 9, 2026.
- Foreign currency assets (FCAs) fell by $1.124 billion to $550.87 billion.
- Gold holdings rose by $1.568 billion to $112.83 billion.
- Special Drawing Rights (SDRs) edged down by $39 million to $18.739 billion.
- India’s reserve position with the International Monetary Fund fell by $13 million to $4.758 billion.
Similar Coverage
- Gold imports surged about threefold to a record USD 14.72 billion in October compared to USD 4.92 billion in October 2024.
- Cumulative gold imports during April-October this fiscal rose 21.44 per cent to USD 41.23 billion from USD 34 billion a year ago.
- High gold imports pushed the country’s trade deficit to a record USD 41.68 billion in October.
- Gold accounts for over 5 per cent of India’s total imports.
- Switzerland is the largest source of gold imports with about 40 per cent share, followed by the UAE (over 16 per cent) and South Africa (about 10 per cent).
- Imports from Switzerland jumped by 403.67 per cent to USD 5.08 billion during October.
- Silver imports in October 2025 jumped by 528.71 per cent to USD 2.71 billion.
- The Reserve Bank of India (RBI) data shows India’s foreign exchange reserves fell by $9.809 billion to $686.801 billion in the week ended January 02, 2026.
- Foreign Currency Assets (FCAs), the largest component of the reserves, decreased by $7.622 billion to stand at $551.99 billion.
- Gold reserves decreased by $2.058 billion during the week to reach a total of $111.262 billion.
- Special Drawing Rights (SDRs) with the International Monetary Fund (IMF) dropped by $25 million to $18.778 billion.
- The country’s reserve position in the IMF decreased by $105 million to $4.771 billion as of December 26.
- In the previous week ending December 26, the reserves had increased by $3.293 billion to $696.61 billion.
- The RBI intervenes in the foreign exchange market to curb excessive volatility in the rupee without anchoring to any predetermined exchange rate level.
- 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.
- The Reserve Bank of India, between March 2025 and September 2025, has brought over 64 tonnes of gold back to the country.
- Since March 2023, the RBI has brought home 274 tonnes of gold.
- The Reserve Bank's gold reserve stands at 880 metric tonnes as of September 2025, according to its Half Yearly Report on Management of Foreign Exchange Reserves.
- Of this, 575.8 metric tonnes are currently in India, while another 290.37 metric tonnes of gold are kept with the Bank of England (BoE) and the Bank for International Settlements (BIS) in Switzerland.
- The share of gold in the total foreign exchange reserves rose from 11.70 per cent in March 2025 to around 13.92 per cent in September 2025.
- The RBI also has foreign currency assets of around $579.18 billion (about Rs 51.09 lakh crore) , comprising $489.54 billion (about Rs 43.15 lakh crore) in securities investments, $46.11 billion (about Rs 4.07 lakh crore) in deposits with other central banks and BIS, and another $43.53 billion (about Rs 3.84 lakh crore) in deposits with overseas commercial banks.
GAIL (India) Ltd (GAIL) completes 694-km Mumbai-Nagpur Natural Gas Pipeline (MNPL) in Maharashtra
[GAIL (India) Ltd, Maharashtra]
Key Updates:
- GAIL (India) Ltd (GAIL) has completed the 694-kilometre Mumbai-Nagpur Natural Gas Pipeline (MNPL) built along the Samruddhi Mahamarg expressway.
- The pipeline has a capacity of approximately 16.5 million standard cubic metres per day and features bi-directional flow capability.
- The project marks India's first major integration of a high-capacity pipeline into a dense transport corridor under the PM-GatiShakti framework.
- Around 675 km of the 24-inch high-capacity gas line was installed within a utility strip just three metres wide.
- The MNPL will enable city gas distribution networks in 16 districts, supporting piped natural gas for an estimated 95 lakh households and over 1,700 CNG stations.
- The project reached completion after delivering 18.7 million safe man-hours and navigating clearances across 10 districts covering 56 km.
- The pipeline is designed to support industrial growth in sectors such as power generation, fertilisers, chemicals, and manufacturing.
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- GAIL signed an MoU with the Chhattisgarh government to undertake detailed techno-economic studies for a greenfield gas-based fertiliser project.
- The project includes a 12.7 lakh metric tonne urea plant proposed along GAIL’s Mumbai–Nagpur–Jharsuguda natural gas pipeline corridor.
- The state government will support feasibility studies, land identification and allocation, statutory approvals, and enabling infrastructure.
- GAIL India Limited (GAIL) has tied up with the Petroleum and Natural Gas Regulatory Board (PNGRB) for the National PNG Drive 2.0 initiative.
- The initiative is part of the #NonStopZindagi campaign which promotes Piped Natural Gas (PNG).
- The Petroleum and Natural Gas Regulatory Board (PNGRB) signed a Memorandum of Understanding (MoU) with Germany’s DVGW for blending hydrogen with natural gas.
- India is set to join the United States-led PaxSilica Initiative to strengthen technology and supply chain ties.
- Serbia has imposed import quotas on certain iron and steel products.
- Bharat Petroleum Corporation (BPCL) signed three Memoranda of Understanding (MoUs) with Oil India (OIL), Numaligarh Refinery (NRL), and Fertilisers & Chemicals Travancore (FACT) at the 28th Energy Technology Meet 2025 in Hyderabad.
- BPCL and OIL signed a non-binding MoU to explore collaboration in developing BPCL’s upcoming greenfield refinery and petrochemical complex near Ramayapatnam Port, Nellore district, Andhra Pradesh, with an estimated investment of ₹1 lakh crore.
- The proposed Ramayapatnam facility will have a refining capacity of 9-12 million metric tonnes per annum (MMTPA) and feature a 1.5 MMTPA ethylene cracker unit with 35 per cent petrochemical intensity.
- BPCL, OIL, and NRL signed a tripartite MoU for the joint construction of a 700-km cross-country product pipeline from Siliguri to Mughalsarai, with an estimated investment of ₹3,500 crore.
- BPCL signed an MoU with FACT for the supply and trading of fermented organic manure and liquid fermented organic manure produced from BPCL’s upcoming municipal solid waste-based compressed biogas plant at Brahmapuram, near Kochi Refinery.
- The Brahmapuram plant will process 150 MT of municipal waste per day, generating 5.6 MT of compressed biogas (CBG), along with 28 MT of fermented organic manure (FOM) and 100 KL of liquid fermented organic manure (LFOM) daily.
- The Ramayapatnam project has secured 6,000 acres of land from the Government of Andhra Pradesh and is slated for commercial operations by FY30.
- India has 65 commercial-scale clean industrial projects worth over USD 150 billion, making it the world’s third-largest pipeline behind China and the United States.
- Only six of these projects have reached the Final Investment Decision (FID) stage, according to the Industrial Transition Accelerator (ITA) report.
- The projects are concentrated in Odisha, Andhra Pradesh, Karnataka, Gujarat, Rajasthan, Maharashtra and Tamil Nadu.
- The chemicals sector accounts for nearly 80% of the pipeline, with 50 clean ammonia and methanol projects totaling 30–35 million tonnes per annum capacity.
- The report estimates these projects could abate 160–175 million tonnes of CO₂ annually and create more than two lakh direct and indirect jobs.
Securities and Exchange Board of India (Sebi) Revamps Mutual Fund Regulations and Rationalises Brokerage Caps
[Securities and Exchange Board of India (SEBI)]
Key Updates:
- The Securities and Exchange Board of India (Sebi) has notified revamped Mutual Fund Regulations that will come into effect from April 1, 2026.
- Sebi has introduced a provision allowing mutual fund schemes to charge a base expense ratio (BER) linked to the performance of the scheme.
- The new regulations introduce the concept of a base expense ratio (BER) which represents only the fee charged by an Asset Management Company (AMC) for managing investors’ money.
- Levies such as brokerage, securities transaction tax, stamp duty, and exchange fees must now be disclosed separately rather than being aggregated under the total expense ratio.
- The brokerage ceiling in the cash market has been reduced to 6 basis points (bps) from an effective 8.59 bps.
- The net brokerage cap in the derivatives segment has been lowered to 2 bps from 3.89 bps.
- The framework expands the responsibilities of trustees and key managerial personnel to tighten oversight and reinforce governance standards across AMCs.
Similar Coverage
- Ashika Group has received in-principle approval from the Securities and Exchange Board of India (SEBI) to act as sponsor and set up Ashika Mutual Fund.
- The approval allows the company to proceed with establishing an Asset Management Company (AMC) and preparing for the launch of mutual fund schemes, subject to fulfilling SEBI’s final registration requirements and conditions.
- Ashika Group’s financial services portfolio includes retail and institutional broking, investment banking, research advisory, global family office services, alternative asset management and private equity.
- The Group has a retail broking client base exceeding 125,000 and a presence across more than 20 states.
- Sebi mandates Category I merchant bankers to raise minimum net worth to Rs 25 crore by January 2027 and Rs 50 crore by January 2028.
- Category I entities must hold liquid net worth of Rs 6.25 crore in phase-1 and Rs 12.5 crore in phase-2.
- Category II merchant bankers require net worth of Rs 7.5 crore and Rs 10 crore across the two phases with liquid buffers of Rs 1.875 crore and Rs 2.5 crore.
- Underwriting obligations capped at 20 times liquid net worth with compliance deadline of January 02, 2028.
- Half-yearly chartered accountant certification mandated for capital, liquidity and underwriting compliance.
- Minimum revenue thresholds set at Rs 25 crore over three years for Category I and Rs 5 crore for Category II with first assessment in FY29.
- India raised over $21 billion through IPOs and public issues in 2025 becoming the world’s second-largest equity issuance hub.
- Total Expense Ratio shall now be the sum of BER, brokerage, regulatory levies and statutory levies.
- Base expense ratio limits for equity-oriented schemes and other than equity oriented schemes under various AUM slabs have been cut by up to 15 basis points.
- Base expense ratio limit for index funds or ETF revised to 0.9 per cent from 1 per cent.
- Close-ended equity-oriented schemes BER limit now stands at 1 per cent as against 1.25 per cent.
- Maximum brokerage fee that mutual funds pay on cash market transactions halved to 6 bps from 12 bps.
- Brokerage cap for derivative transactions revised downwards to 2 bps from 5 bps, excluding applicable levies.
- SEBI removed the additional 5 bps expense allowance currently permitted to be charged to schemes with exit loads as a transitory measure.
- Sebi requires the Compliance Officer of Manager of an AIF to obtain certification from the National Institute of Securities Market by passing the NISM Series-III-C: Securities Intermediaries Compliance (Fund) Certification Examination.
- From January 1, 2027, only certified persons can be appointed or continue as compliance officers of managers of AIFs.
- Trustee/sponsor/managers of AIFs must reflect compliance with this requirement in the 'Compliance Test Report' prepared by the manager.
CSIR Integrated Skill Initiative trains over 2 lakh workers
[Council of Scientific and Industrial Research (CSIR)]
Key Updates:
- The CSIR Integrated Skill Initiative has trained over 2 lakh workers across the country.
- During phase I and II, more than 1.90 lakh individuals were trained through 5200+ skill-based trainings, including special targeted initiatives for rural citizens and women.
- The third phase was officially launched in June 2025 by Dr. N. Kalaiselvi, Director General, CSIR, and Secretary, DSIR, with a reinvigorated focus on advanced skilling, bridging academia-industry gaps, and accelerating development and growth.
- The first year of the third phase has already trained more than 14,000 trainees by conducting 425+ training programmes across 37 CSIR laboratories, nationwide.
- The initiative is closely aligned with the national vision of 'Atmanirbhar Bharat' and 'Skill India'.
- It caters to a diverse spectrum of beneficiaries ranging from students, young researchers, technical staff, and working professionals to school dropouts, ITI diploma holders, farmers, and rural communities.
- The programme spans 18 out of 36 key sectoral skills as identified by the National Skill Development Mission (NSDM).
Similar Coverage
- Women’s employability rate stands at 54%, surpassing men’s rate of 51.5% for the first time in five years.
- Computer science graduates record 80% employability and IT engineers 78%, driven by AI, data analytics, and automation roles.
- Commerce graduates’ employability rose sharply to 62.81% from 55% the previous year, reflecting BFSI and Fintech hiring surges.
- Scheme Name: Skill University at Sandur, Ballari district, Karnataka
- Objective: 'make Karnataka a state for skills' and equip youths with 'right skills, mindset and confidence'
- Target: Skill three million youths by 2032 and strengthen global placement linkages
- Implementing Department: Department of Skill Development and Livelihood, Government of Karnataka
- Key Feature: Integration of skills into every stage of education and building a culture of lifelong learning
- The Memorandum of Understanding (MoU) was signed between the Directorate General of Training (DGT) under the Ministry of Skill Development and Entrepreneurship (MSDE) and Autodesk.
- The collaboration aims to advance digital design and make skills among faculty and trainers in National Skill Training Institutes (NSTIs) and Industrial Training Institutes (ITIs) across India.
- The initiative seeks to strengthen the digital capabilities of trainers and educators, enhance employability skills in students, and prepare India’s workforce for the evolving needs of industries, such as architecture, engineering, manufacturing, and construction.
- Over the next three years, this partnership will align skill development with rapid advancements in AI, industry innovation, and emerging career pathways.
- Autodesk will extend its professional-grade software to educators and students across more than 14,500 ITIs and 33 NSTIs.
- The initiative will involve the joint development of educational programs, curriculum, and learning activities, leveraging Autodesk’s technology.
- India’s services sector's employment share rose from 26.9 percent in 2011–12 to 29.7 percent in 2023–24, according to two new NITI Aayog reports.
- The sector added nearly 40 million jobs in six years, bringing total employment to about 188 million.
- The two NITI Aayog reports are titled “India’s Services Sector: Insights from Employment Trends and State-Level Dynamics” and “India’s Services Sector: Insights from GVA Trends and State-Level Dynamics”.
- Gross employment elasticity increased from 0.35 before the pandemic to 0.63 in the post-pandemic period.
- India’s services sector continues to lag the global average of about 50 percent.
- NITI Aayog projected that artificial intelligence (AI) could generate up to 4 million new jobs in India by 2030.
India and Germany sign Joint Declaration of Intent on Telecommunications Cooperation
[Germany, European Union (EU)]
Key Updates:
- India and Germany signed a Joint Declaration of Intent (JDI) on Telecommunications Cooperation during German Federal Chancellor Friedrich Merz’s official visit to India.
- The JDI was signed by Telecom Secretary Amit Agrawal and German Ambassador to India Philipp Ackermann.
- The declaration was concluded between the Department of Telecommunications (DoT) and Germany’s Federal Ministry for Digital Transformation and Government Modernisation.
- Both sides agreed to promote collaboration in emerging and future technologies, policy and regulatory frameworks, manufacturing, and ease of doing business in telecom and ICT sectors.
- The pact establishes a framework for regular consultations, high-level annual meetings, and multi-stakeholder engagement involving government, industry, academia, and research institutions.
- India and Germany will jointly develop a work plan outlining specific goals and areas of mutual interest aligned with national priorities.
- Both countries will work together in international fora to promote common understanding on telecommunications and digital development.
Similar Coverage
- India and Germany will unveil a defence and security roadmap that will strengthen the defence manufacturing network base in India.
- German technology for India’s defence preparedness will be part of the bilateral conversation.
- Chancellor Merz is accompanied by a 25-member delegation of CEOs, including top executives of a leading submarine manufacturer, signalling strong defence ties on the agenda.
- Federal Chancellor of the Federal Republic of Germany, Friedrich Merz, paid an official visit to India from 12-13 January 2026, marking his first visit to Asia as Chancellor.
- The visit follows the completion of 25 years of the India-Germany Strategic Partnership in 2025 and the commemoration of 75 years of diplomatic relations in 2026.
- The 7th India-Germany Inter-Governmental Consultations (IGC) were previously held in New Delhi on 25 October 2024.
- Prime Minister Narendra Modi and Chancellor Merz addressed the India-Germany CEOs Forum and held delegation-level talks in Ahmedabad on 12 January 2026.
- India-Germany bilateral trade in goods and services surpassed USD 50 billion in 2024, accounting for over 25% of India's trade with the European Union (EU).
- The Ministry of Finance (FinMin) is in discussions with the Securities and Exchange Board of India (SEBI) and the Reserve Bank of India (RBI) regarding cryptocurrency exchange regulations for the Budget 2026-27.
- Bloomberg has decided not to include Indian bonds in its Global Aggregate Index for the current period.
- The Bharat Coking Coal Initial Public Offering (IPO) was booked 147 times, drawing bids worth ₹1.2 trillion.
- India and Germany have signed a bilateral agreement to enhance cooperation in postal, express, and logistics services focusing on cross-border e-commerce and time-definite deliveries.
- The collaboration aims to boost Indian export volumes, improve service quality, and integrate Indian businesses into global value chains.
- During a key ceremony in Ahmedabad on January 12, 2026, attended by Germany's Federal Chancellor Friedrich Merz, two important instruments were exchanged, detailing joint international express products and expanding last-mile reach through cooperation between India Post and Deutsche Post–DHL Group.
- Defence Minister Rajnath Singh met Dutch Foreign Minister David van Weel to discuss security and defence topics.
- A Letter of Intent on defence cooperation was signed and exchanged between India's Defence Secretary Rajesh Kumar Singh and Netherlands' Ambassador to India Marisa Gerards.
- The ministers prioritised co-development and co-production of defence equipment and agreed to craft a Defence Industrial Roadmap.