Policy UpdateSruti Halder Background The National Asset Reconstruction Company Limited (NARCL) was conceived in the Union Budget 2021-22 as India’s government-backed “bad bank,” designed to aggregate and resolve large legacy non-performing assets (NPAs) sitting on the books of public sector…
Climate change has emerged as one of the defining challenges of the twenty-first century, demanding an unprecedented transformation of global energy systems and development pathways. As countries strive to fulfil their commitments under the Paris Agreement while ensuring sustainable economic growth, the transition towards cleaner energy has become central to climate action. For developing economies such as India, this transition is particularly significant, as it must simultaneously address energy security, economic development, environmental sustainability, and social equity.
India-Sweden relations had been steadily deepening for close to a decade before the 2026 upgrade, anchored by the first India-Sweden Joint Action Plan (2018), the India-Sweden Innovation Partnership, and joint leadership of the Leadership Group for Industry Transition (LeadIT) since 2019, alongside existing defence and technology dialogues that had already given the relationship real substance.
As India and Brazil deepen their roles as leading voices of the Global South, their Strategic Partnership has evolved into one of the most substantive South-South relationships in international diplomacy. The India–Brazil Strategic Partnership was established in 2006, built on shared democratic values and a commitment to economic growth with social inclusion.
The Competition Act, 2002 was enacted to promote fair competition, protect consumer interests, and prevent anti-competitive practices by establishing the Competition Commission of India (CCI). However, the rapid growth of digital platforms, data-driven business models, and technology-based markets exposed limitations in the existing competition framework, which was primarily designed for traditional markets. To address these emerging challenges, the Ministry of Corporate Affairs (MCA) constituted the Competition Law Review Committee (CLRC) in 2018. The Committee submitted its report in 2019, recommending reforms to modernise India's competition law and make it more responsive to the evolving digital economy.
Micro, Small and Medium Enterprises (MSMEs) occupy a central place in India's economy, contributing substantially to GDP, exports, employment generation, and balanced regional development. Yet their heavy reliance on working capital finance, combined with limited financial reserves, leaves them particularly exposed to external economic shocks. A disruption in global supply chains, a spike in input costs, or a bout of geopolitical instability can quickly translate into liquidity shortfalls that threaten production, employment, and business continuity.
The Association of Southeast Asian Nations (ASEAN) remains one of the world's most successful regional organizations, fostering political dialogue, economic integration, and socio-cultural cooperation among its ten member states.