Policy UpdateMannat Abbot Background The constitution of the 8th Central Pay Commission comes at a time when India is trying to balance employee welfare with fiscal prudence in the face of slowing global growth and rising expenditure commitments. The Pay…
Policy UpdateSruti Halder Background The National Financial Information Registry (NFIR) was announced by Finance Minister Nirmala Sitharaman in her Union Budget 2023-24 speech as a proposed central repository of financial and ancillary information, intended to facilitate the efficient flow of…
In the past, all of India's social sector (an estimated 3 million-plus registered NPOs) had been relying on philanthropy, government grants or funds received via the Corporate Social Responsibility (CSR) mechanism, which are more often than not one-off grants and not income earning.
The Indian e-commerce landscape has historically been dominated by a duopoly, where a few multinational aggregators controlled market access, search visibility, and supply chains. This platform-centric model created massive entry barriers for micro, small, and medium enterprises (MSMEs), limiting their reach and squeezing profit margins through steep commissions.
The Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Act, 2025 represents the most sweeping overhaul of India's insurance regulatory architecture since the sector was opened to private participation in 2000. Introduced in the Lok Sabha on December 16, 2025, passed by both Houses of Parliament within two days, and granted Presidential assent on December 20, 2025,
History doesn't repeat itself, but it often rhymes. When the war in West Asia intensified in February 2026, the rhyme was not hard to find. Rising crude oil prices expanded India's trade deficits. Foreign portfolio investors were leaving the market. And the rupee had dropped approximately 3.9 percent against the U.S. Dollar between February 27th and June 22nd 2026.
The Account Aggregator (AA) framework is a Reserve Bank of India (RBI)-regulated system that lets individuals and businesses share their financial data across institutions through explicit, revocable digital consent, rather than routing it through banks and lenders that hold it in custody. Its legal basis goes back to September 2016, when the RBI issued the Master Direction on Non-Banking Financial Company (NBFC) – Account Aggregator (Reserve Bank) Directions, creating an entirely new class of NBFC whose only permitted business is consent-based data retrieval and transfer. It took another five years of pilot testing before the system went live commercially on September 2, 2021.