Category: Economy

The Central Government has removed the Quality Control Order (QCO) for Viscose Staple Fibre (VSF) with immediate effect. The decision follows consultations with the Bureau of Indian Standards (BIS) and key industry stakeholders. • Move to Address Industry Concerns • Expected Benefits for the Textile Industry • About Viscose Staple Fibre (VSF) Source: PIB

The 16th Finance Commission (XVIFC), constituted under Article 280(1) of the Constitution, has submitted its report to the President of India. The Commission is headed by Chairman Dr. Arvind Panagariya. Members of the XVIFC Mandate and Terms of Reference (ToR) Significance Source: PIB

Indian public sector refiners have signed a one-year structured contract to import American liquefied petroleum gas (LPG). This marks the first-ever term deal for US LPG specifically meant for India’s domestic market. Import Volume and Market Share Shift in Supplier Base Domestic LPG Consumption and Subsidy India’s Broader Energy Dependence Current LPG Import Scenario

Banks are expected to mobilise around ₹25,000 crore through Tier II bonds this financial year. Nearly ₹10,000 crore has already been raised.

About the Business Reforms Action Plan (BRAP)

The Department of Financial Services (DFS), under the Union Ministry of Finance, has launched the Startup Common Application Journey on the Jan Samarth Portal during the Public Sector Banks Review Meeting in New Delhi. 🔹 Key Features 🔹 Technology and Integration 🔹 Inclusivity Measures 🔹 Significance Source: PIB

The Union Cabinet, chaired by Prime Minister Narendra Modi, approved the Export Promotion Mission (EPM) — a flagship initiative announced in the Union Budget 2025–26 aimed at strengthening India’s export competitiveness, especially for MSMEs, first-time exporters, and labour-intensive sectors. Key Highlights Institutional Framework 🔹 Structure of the Mission EPM will operate through two integrated sub-schemes: Scheme Consolidation Priority Sectors Under EPM, priority assistance will be extended to sectors impacted by Read More …

Union Minister for Commerce and Industry Shri Piyush Goyal announced that the application fee for obtaining a Geographical Indications (GI) tag has been reduced from ₹5,000 to ₹1,000, making it more accessible for tribal and rural artisans. The announcement was made during the Tribal Business Conclave 2025, held in New Delhi on November 12, 2025. Event Overview Minister’s Key Announcements Distribution of GI Certificates As part of the event, Geographical Read More …

The Agricultural and Processed Food Products Export Development Authority (APEDA), functioning under the Ministry of Commerce and Industry, has facilitated the export of 20 metric tonnes of fortified rice from Chhattisgarh to Papua New Guinea (PNG). Significance: About Fortified Rice: Broader Context: Source: PIB

India has exported its first consignment of 12 metric tonnes of Fortified Rice Kernel (FRK) from Chhattisgarh to Costa Rica. The initiative was spearheaded by the Agricultural and Processed Food Products Export Development Authority (APEDA) under the Ministry of Commerce and Industry. Significance of the Export About Fortified Rice Kernel (FRK) Broader Context Source: DD

Coal India Limited (CIL), a Maharatna PSU under the Ministry of Coal, entered its 51st year of foundation on 1st November 2025, marking 50 years since its establishment on 1st November 1975. Key Highlights: Source: PIB

The Madras High Court has ruled that cryptocurrency qualifies as property under Indian law. The judgment was delivered by Justice N. Anand Venkatesh, who stated that while cryptocurrencies are neither physical objects nor legal tender, they possess the essential characteristics of property. Key Observations by the Court Legal Recognition Clarification on RBI’s Position Source: FE

The Reserve Bank of India (RBI) on 31 October 2025 released the results of the underwriting auction for Additional Competitive Underwriting (ACU) of select Government securities (G-Secs). The auction determines the underwriting commissions payable to Primary Dealers (PDs) who underwrite government debt issuances. Key Details from the RBI Announcement Security Coupon Rate & Maturity Notified Amount Minimum Underwriting Commitment (MUC) Additional Competitive Underwriting (ACU) Amount Accepted Total Underwritten Cut-off Commission Read More …

China filed a WTO dispute complaint against India’s Production-Linked Incentive (PLI) schemes on grounds of trade distortion and violation of WTO subsidy rules. Key Highlights WTO Legal Framework 1. Agreement on Subsidies and Countervailing Measures (SCM Agreement) 2. WTO Dispute Settlement Process Source: TH