Category Insights

Insights, a blog published by IMPRI.

PRADHAN MANTRI VIKSIT BHARAT ROZGAR YOJANA PMVBRY ONE YEAR OF EMPLOYMENT LINKED INCENTIVES UNDER MINISTRY OF LABOUR AND EMPLOYMENT 1

PRADHAN MANTRI VIKSIT BHARAT ROZGAR YOJANA (PMVBRY): ONE YEAR OF EMPLOYMENT LINKED INCENTIVES UNDER MINISTRY OF LABOUR AND EMPLOYMENT

BACKGROUND

As India transitions towards a developed country, economic growth is accelerating faster, creating productive and formal employment opportunities for its growing workforce, particularly its young population. As per PLFS Annual Report 2025, Youth (age 15-29) unemployment rate has declined 9.9% in 2025 from 10.3% in 2024, While the manufacturing sector improved from 11.6% to 12.1% in 2025, still leave a substantial gap between the size of India's workforce entering the labour market each year and the pace of formal job creation.

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BRICS Education Cooperation under India’s 2026 Chairship: Priorities and Bhubaneswar Declaration, August 2026

India’s 2026 BRICS Chairship has placed education on a sustained calendar of engagements, with the first and second Senior Officials’ Meetings held in April, followed by the BRICS Network University Conference and International Governing Board Meeting in July, the BRICS Technical and Vocational Education and Training (TVET) Symposium in August, and the third Senior Officials’ Meeting and 13th BRICS Education Ministers’ Meeting in Bhubaneswar from 5–7 August 2026.

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Mukhyamantri Majhi Ladki Bahin Yojana (2024): Assessing Maharashtra’s Flagship Women’s Welfare Scheme

Mukhyamantri Majhi Ladki Bahin Yojana is Maharashtra’s large-scale monthly cash-transfer programme for women from lower-income households. Announced in the State Budget in June 2024 and operationalised through a Government Resolution dated 28 June 2024, the programme provides eligible women with ₹1,500 a month through Direct Benefit Transfer (DBT).

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The 2026 Fiscal Framework of Credit Cards under India’s Liberalised Remittance Scheme (LRS)

Over the past decade, India’s integration with the global digital economy has driven a rapid increase in foreign currency transactions by resident individuals. From overseas education expenses and international business travel to cross-border e-commerce subscriptions, resident taxpayers rely on a multi-tiered array of foreign exchange instruments. Historically, outward remittances and foreign currency expenditures have been governed by the Reserve Bank of India’s (RBI) Liberalised Remittance Scheme (LRS), which establishes an annual permissible cap of USD 250,000 per financial year for resident individuals.

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