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.
Manorama BakshiArjun Kumar As India maps its strategic trajectory towards the vision of Viksit Bharat @2047, the national discourse has increasingly shifted beyond economic growth to the broader foundations of human capital. For the country to emerge as a global…
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.
IndiaAI Mission was launched in March 2024 and is centered on addressing existing gaps in data, research, and skill mismatch so that the benefits of AI can contribute to the growth of our country.
Policy UpdateRiddhi Suthar Background The main piece of legislation in India that governs acceptance and utilization of foreign contributions and foreign hospitality by individuals, associations, and non-governmental organizations (NGOs) is the Foreign Contribution (Regulation) Act (FCRA), 2010. The need for…