Category Policy Update

BHAVYA-Rasayan (2026): Developing Dedicated Chemical Parks to Strengthen India’s Chemical Manufacturing Sector

Center for the Study for Finance and Economics, Environment, Energy, Climate Change and Sustainable Development, Policy Update

The Bharat Audyogik Vikas Yojana Rasayan (BHAVYA–Rasayan Scheme) was announced in the Union Budget 2026–27 and approved by the Union Cabinet for establishing three dedicated Chemical Parks in India. Of the total financial outlay of ₹3,030 crore, ₹3,000 crore will be allocated for establishing common infrastructure and basic utilities, while ₹30 crore will be earmarked for administrative expenditure. The scheme will be implemented over a period of five years, from FY 2026–27 to FY 2030–31. It focuses on strengthening India’s chemical manufacturing ecosystem by creating dedicated industrial clusters with improved infrastructure and shared utilities.

IMPRI Desk
August 23, 2026

WhatsApp Image 2026 08 23 at 9.54.00 AM 1

National Mission on Edible Oils-Oilseeds (2024): Boosting India’s Oilseed Production

Policy Update, Agriculture, Food, Nutrition Security and Rural Development, Center for Environment, Climate Change and Sustainable Development, Economy and Infrastructure, Environment, Energy, Climate Change and Sustainable Development

Edible oils form an essential component of India’s food and nutritional security, and oilseeds play a vital role in the livelihoods of millions of farmers. Oilseeds contribute not only to nutritional security but also to farmers’ welfare, serving as an important cash crop that sustains rural incomes and employment.

IMPRI Desk
August 23, 2026

Atal Pension Yojana (2015-2026): Assessing a Decade of India’s Pension Push

Policy Update, Center for the Study for Finance and Economics, Economy and Infrastructure, Public Finances and Macroeconomics, Public Policies, Programs and Schemes

The Atal Pension Yojana (APY) was introduced in 2015 as a voluntary pension scheme to address a pressing gap in India's social security system. It was originally launched as the Swavalamban Yojana under the UPA government before being relaunched and renamed Atal Pension Yojana in 2015 and thus, giving the scheme a stronger and wider reach. This shift was necessary because most Indian workers exist outside formal employment. As a result, they do not receive employer-linked pension benefits, which leaves them with limited financial security after retirement. To address this, Atal Pension Yojana was designed to encourage retirement savings among this segment in order for subscribers to become entitled to a guaranteed monthly pension once they turn sixty.

IMPRI Desk
August 23, 2026

Kerala’s Higher Education Diplomacy: Analysing the “Study in Kerala” Initiative, 2025

Policy Update, Public Policies, Programs and Schemes

Kerala has long been recognised for its high literacy rate, strong social development, and relatively inclusive educational environment. Yet, the state faces a paradox in higher education. While Kerala produces a highly educated population, many of its students leave the state and the country in search of better academic opportunities. A Kerala State Higher Education Council (KSHEC) study found that Kerala, despite having less than 3 percent of India’s population, accounted for around 4 percent of the 1.32 million Indian students who went abroad for higher studies in 2022.

IMPRI Desk
August 23, 2026

India–Republic of Korea Strategic Cooperation: Insights from the 6th Foreign Policy and Security Dialogue (2026)

Policy Update, Center for International Relations and Strategic Studies

Policy UpdateKavin Adithya C.B. Background The India-Republic of Korea (ROK) Foreign Policy and Security Dialogue (FPSD) is a formal bilateral mechanism established in 2010 following the elevation of India-ROK relations to a Strategic Partnership. This dialogue was further reinforced when…

IMPRI Desk
August 22, 2026

Transforming India’s Credit Ecosystem through the Unified Lending Interface (ULI)(2025)

Policy Update, Center for Work and Welfare, Economy and Infrastructure, Public Finances and Macroeconomics

India's financial inclusion landscape has witnessed significant transformations over the last decade, primarily driven by the expansion of Digital Public Infrastructure (DPI). While the combination of Jan Dhan-Aadhaar-Mobile (JAM) accounts and the Unified Payments Interface (UPI) successfully democratized the payments ecosystem, a critical structural challenge remained unsolved: the formal credit gap.

IMPRI Desk
August 22, 2026

India–US TRUST Initiative (2025)

Policy Update, Center for International Relations and Strategic Studies, International Relations and Strategic Studies

The Transforming the Relationship Utilizing Strategic Technology (TRUST) Initiative was announced during Prime Minister Narendra Modi’s working visit to Washington, D.C., on 13 February 2025 during the second term of President Donald Trump and Prime Minister Narendra Modi reaffirmed the India–US Comprehensive Global Strategic Partnership, emphasising mutual trust, shared interests, technological cooperation, and closer ties between the two countries.

IMPRI Desk
August 22, 2026