- The Reserve Bank of India (RBI) issued a policy framework for how it will publish regulations, directions, guidelines and notifications.
- This follows a similar move by the Securities and Exchange Board of India (SEBI), which published regulations setting out the procedure it would follow to issue regulations.
- Both RBI and SEBI are statutory regulators with quasi-legislative powers, have initiated reforms to improve transparency and accountability in regulation-making.
- These reforms are in line with global best practices and are essential to uphold the rule of law. Read More
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- As per the Ministry of Statistics and Programme Implementation (MoSPI), Gross Domestic Product (GDP), Index of Industrial Production (IIP) and Consumer Price Index (CPI) will see a new base from next year onwards.
- In 2024, MoSPI has set up a 26-member Advisory Committee on National Accounts Statistics to decide the base year for GDP data.
- Biswanath Goldar has been appointed as its chairman.
- For GDP, the new series is scheduled to be released on February 27, 2026 with financial year 2022-23 as base year.
- For IIP, 2022 -23 has been tentatively identified as the revised base. IIP on revised base would be released from 2026-27. Read More
New Base Year for GDP, CPI, IIP from Early 2026
Context
About
- India is carefully balancing its trade relations with Türkiye (Turkey), ensuring that economic advantages are not compromised despite geopolitical concerns.
- India has a trade surplus of $2.73 billion with Turkey, primarily driven by engineering goods, electronics, and chemicals.
- In FY25, India’s exports to Turkey totaled $5.72 billion, with engineering exports accounting for over 50% of the total.
- Turkey had increased petroleum product imports from India following the Ukraine war, but it has seen a significant decline in FY25.
- However, Turkey’s exports to India remain limited to fruits, nuts, gold, and marble. Read More
India-Türkiye Relations
Context
Current Trade Statistics
- A growing number of rare disease patients in India are urging the government to invoke the compulsory licensing provision under the Indian Patents Act, 1970.
- Compulsory licensing is a legal tool under Section 84 of the Indian Patents Act, 1970, which allows the government or any third party to manufacture a patented product or use a patented process without the consent of the patent owner in certain conditions.
- It aims to protect public health and access to affordable medicines. Read More
Demand for Compulsory Licensing for Rare Disease
Context
About
- India is closely monitoring Chinese infrastructure projects on the Brahmaputra River, particularly hydropower developments, due to their potential impact on downstream regions such as Arunachal Pradesh and Assam.
- The Brahmaputra River originates in the Kailash ranges at 5,150 m elevation, flows 2,900 km in total, including 916 km in India.
- It originates as Yarlung Tsangpo in Tibet .
- Its basin spans across Tibet (China), Bhutan, India, and Bangladesh.
- In India, it covers Arunachal Pradesh, Assam, West Bengal, Meghalaya, Nagaland, and Sikkim. Read More
Brahmaputra Flow in India and Impact of Chinese Dams
In Context
Brahmaputra River System
- As of now, 6.19 crore pregnant women have been examined under Pradhan Mantri Surakshit Matritva Abhiyan (PMSMA).
- Launched in June 2016, it is a flagship initiative of the Ministry of Health and Family Welfare, Government of India.
- It was designed to provide assured, comprehensive, and quality antenatal care (ANC) services free of cost to all pregnant women on the 9th of every month, particularly during the second and third trimesters.
- The PMSMA aligns with the broader goals of the Reproductive, Maternal, Newborn, Child, and Adolescent Health plus Nutrition (RMNCAH+N) strategy under the National Health Mission (NHM).
- This has led to a significant improvement in India’s Maternal Mortality Ratio (MMR), which declined from 130 per lakh live births in 2014-16 to 80 per lakh live births in 2021-23—a notable reduction of 50 points. Read More
Nine years of Pradhan Mantri Surakshit Matritva Abhiyan
In Context
About Pradhan Mantri Surakshit Matritva Abhiyan (PMSMA)
Mental Healthcare & Bridging Health Cover in India
Mental health is now covered at par with physical illnesses across health insurance plans in India, following the Mental Healthcare Act, 2017 and IRDAI directive.
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