Category: Government of India

  • Indian stock market opens higher as geopolitical tensions ease

    Source: Government of India

    Source: Government of India (4)

    Equity benchmarks opened on a strong note on Tuesday, buoyed by easing geopolitical tensions in West Asia and positive cues from global markets. The rally followed an announcement by U.S. President Donald Trump declaring a ceasefire between Iran and Israel.

    The BSE Sensex rose 756.5 points, or 0.92%, to 82,653.33 in early trade, while the NSE Nifty climbed 229 points, or 0.92%, to 25,200.90. Broad-based buying was seen across sectors, with auto, IT, PSU banks and financial services stocks leading the gains.

    Analysts noted that the de-escalation in West Asia is likely to reduce volatility in crude oil and equity markets. “The sharp reactions in the crude oil and stock markets suggest the geopolitical situation is limping back to normalcy,” said Dr. V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

    The Nifty Bank index gained 557.25 points, or 0.99%, to trade at 56,616.60. The Nifty Midcap 100 rose 411 points, or 0.71%, to 58,617.80, while the Nifty Smallcap 100 was up 123.05 points, or 0.67%, at 18,443.95.

    Aakash Shah, Technical Research Analyst at Choice Broking, said the recovery in the Nifty and Bank Nifty indicates buying interest at lower levels, but added that a breakout above 25,200 and 56,300 respectively would be needed for a sustained rally. “Given the current environment of heightened volatility, investors should remain cautiously optimistic,” he said.

    In the Sensex pack, Adani Ports, M&M, UltraTech Cement, L&T, Titan, SBI, Asian Paints, Bajaj Finance and Bajaj Finserv were among the top gainers. NTPC, BEL and Trent were trading in the red.

    On the institutional front, foreign institutional investors (FIIs) were net sellers on June 23, offloading equities worth ₹1,874.38 crore. In contrast, domestic institutional investors (DIIs) bought stocks worth ₹5,591.77 crore.

    Asian markets mirrored the optimism, with indices in Bangkok, Tokyo, Shanghai, Seoul, Hong Kong and Jakarta trading in positive territory.

    Overnight in the U.S., the Dow Jones closed at 42,581.78, up 374.96 points (0.89%). The S&P 500 gained 0.96% to end at 6,025.17, while the Nasdaq advanced 0.94% to 19,630.97.

    -IANS

  • IAEA Oversight Threatened as Iran Moves to Limit Cooperation Amid Regional Escalation

    Source: Government of India

    Source: Government of India (4)

    Iran’s national security committee has approved the framework of a bill that would suspend cooperation with the International Atomic Energy Agency (IAEA), deepening international concerns about nuclear oversight in West Asia. The proposed legislation, still awaiting full parliamentary approval, would halt the installation of monitoring equipment, inspections, and reporting obligations until Iran deems its nuclear facilities secure. Iranian officials justified the move as a response to recent attacks on its nuclear sites, stating that safety assurances must precede any further engagement with the IAEA. The agency has not yet commented on the draft measure, but experts warn that the loss of oversight could severely undermine the global non-proliferation regime at a time of heightened instability.

    Speaking in The Hague ahead of the NATO summit on June 24th, Secretary General Mark Rutte said the recent U.S. airstrikes on Iranian nuclear facilities did not violate international law. He emphasized that NATO’s primary concern lies in the strategic threat posed by Iran’s nuclear capabilities, rather than the legality of the military action. Rutte dismissed criticism that NATO had applied double standards by not condemning the strikes and acknowledged that while regime change in Iran is not on the summit’s formal agenda, some member states may raise the issue in side discussions.

  • NSA Ajit Doval meets Chinese Foreign Minister Wang Yi in Beijing ahead of SCO security council meet

    Source: Government of India

    Source: Government of India (4)

    National Security Adviser Ajit Doval on Monday held a meeting with Wang Yi, Member of the Political Bureau of the Communist Party of China’s Central Committee and China’s Minister of Foreign Affairs. The discussion took place on the sidelines of the 20th Meeting of the Shanghai Cooperation Organisation (SCO) Security Council Secretaries.

    In their discussions, both sides reviewed recent developments in India-China bilateral relations and reaffirmed the importance of advancing overall ties between the two countries. Emphasis was placed on fostering greater people-to-people exchanges to build mutual understanding and strengthen diplomatic engagement.

    NSA Doval highlighted the urgent need for concerted efforts to combat terrorism in all its forms and manifestations. He underscored that addressing security threats is essential to ensuring long-term peace and stability in the region.

    The two leaders also exchanged views on a range of bilateral, regional, and global issues of mutual interest, reflecting the broad scope of the India-China relationship.

    Looking ahead, NSA Doval expressed his intention to host Wang Yi in India for the 24th round of the Special Representative Talks on boundary issues at a mutually convenient date.

  • Iran Launches Missile Strike on US Base in Qatar as the West Asian Conflict Spreads

    Source: Government of India

    Source: Government of India (4)

    Iran launched ballistic missile attacks on Monday against the Al Udeid Air Base in Qatar, which hosts US and allied forces, in what Tehran described as retaliation for recent American bombing of its nuclear facilities. The primary target was Al Udeid, the largest US military installation in West Asia, located southwest of Doha, there are also reports indicating that Iran has targeted the Ain al-Assad base in Iraq. Qatari and US officials reported no casualties from the attacks, as Qatar stated the base had been evacuated earlier as a precautionary measure due to rising regional tensions and its air defense systems successfully intercepted the incoming missiles.

    A US defense official confirmed that Al Udeid Air Base was attacked by short-range and medium-range ballistic missiles originating from Iran, stating that there were no reports of US casualties at the time. The attack occurred hours after Qatar closed its airspace and the US Embassy directed American nationals to shelter in place. Observers witnessed a battle between interceptors and incoming ballistic missiles in the sky over Qatar.

    The missile attack, however, has triggered strong condemnation across West Asia and beyond. Countries including Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, the UAE, Egypt, Morocco, Jordan, Lebanon, Turkey, Yemen, and the Palestinian Authority have all denounced Iran’s strike on the Qatari-based facility.

    Qatar’s Ministry of Interior has assured residents that the security situation remains stable and under control.

    Amid the escalating tensions, the US State Department has issued an updated travel advisory for Kuwait, citing the volatile regional situation. The advisory comes in the wake of the broader Israel-Iran conflict, with the US Embassy in Kuwait urging increased vigilance and implementing temporary access restrictions to key American military installations, including Camp Arifjan, Camp Buehring, Ali Al Salem Air Base, and Camp Patriot. These facilities are now accessible only to essential personnel, reflecting growing concerns about the potential expansion of the conflict in this strategically significant region.

    The crisis has also sent shockwaves through the aviation industry. Air India has announced the immediate suspension of all operations to West Asia. In a coordinated move, the UAE has joined Qatar, Bahrain, and Kuwait in closing its airspace as a precautionary measure.

    In response to the developments, the Indian Embassy in Qatar has issued an advisory urging members of the Indian diaspora to stay indoors, remain calm, and closely follow updates from Qatari authorities.

  • Oil Prices Plunge 6% as Iran’s Targeted Retaliation Avoids Energy Infrastructure

    Source: Government of India

    Source: Government of India (4)

    Oil prices tumbled over 6%, falling $5 a barrel on after Iran launched a missile attack on the Al Udeid US airbase in Qatar in retaliation for weekend US strikes on Iranian nuclear facilities, while notably avoiding any disruption to oil and gas tanker traffic through the Strait of Hormuz. The oil market initially surged on weekend tensions but began selling off sharply after Iran’s measured response targeted the largest US military installation in West Asia rather than energy infrastructure.

    Global oil prices recorded their sharpest single-day decline in five years following the missile strike, which was widely viewed as symbolic and calibrated retaliation that reportedly caused no casualties or significant damage. Sources indicated that Tehran may have coordinated the timing and targets with Qatari officials in advance, a move analysts interpret as an effort to avoid sparking a broader conflict that could destabilize energy markets. There was no interruption to Qatar Energy shipments or production after the attack,and no other Iranian attack was detected at any US military base beyond Qatar..

    The price decline reflects market relief that Iran’s retaliation strategy focused on military rather than economic targets. Iran’s strike avoided oil facilities, pipelines, and the Strait of Hormuz. The absence of direct threats to energy infrastructure helped reassure markets that supply disruptions were unlikely, contributing to the steep price drop as traders unwound risk premiums built up over the weekend.

  • Oil Prices Plunge 6% as Iran’s Targeted Retaliation Avoids Energy Infrastructure

    Source: Government of India

    Source: Government of India (4)

    Oil prices tumbled over 6%, falling $5 a barrel on after Iran launched a missile attack on the Al Udeid US airbase in Qatar in retaliation for weekend US strikes on Iranian nuclear facilities, while notably avoiding any disruption to oil and gas tanker traffic through the Strait of Hormuz. The oil market initially surged on weekend tensions but began selling off sharply after Iran’s measured response targeted the largest US military installation in West Asia rather than energy infrastructure.

    Global oil prices recorded their sharpest single-day decline in five years following the missile strike, which was widely viewed as symbolic and calibrated retaliation that reportedly caused no casualties or significant damage. Sources indicated that Tehran may have coordinated the timing and targets with Qatari officials in advance, a move analysts interpret as an effort to avoid sparking a broader conflict that could destabilize energy markets. There was no interruption to Qatar Energy shipments or production after the attack,and no other Iranian attack was detected at any US military base beyond Qatar..

    The price decline reflects market relief that Iran’s retaliation strategy focused on military rather than economic targets. Iran’s strike avoided oil facilities, pipelines, and the Strait of Hormuz. The absence of direct threats to energy infrastructure helped reassure markets that supply disruptions were unlikely, contributing to the steep price drop as traders unwound risk premiums built up over the weekend.

  • PM Modi chairs 47th meeting of PMML Society, unveils vision for ‘Museum Map of India’

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi on Monday chaired the 47th Annual General Meeting of the Prime Ministers Museum and Library (PMML) Society at Teen Murti Bhawan, New Delhi. Emphasizing the vital role of museums in connecting people with history, the Prime Minister outlined a comprehensive vision for the future of India’s museum landscape.

    The Prime Minister proposed the creation of a “Museum Map of India,” a visionary initiative aimed at offering a unified cultural and informational platform showcasing museums across the country. He stressed the global significance of museums and their power to immerse people in historical experiences, calling for continuous efforts to enhance public interest and the societal standing of these institutions.

    Highlighting the importance of technology, the Prime Minister suggested developing a national database of all museums in India. This database would include key performance indicators such as visitor footfall and quality benchmarks. He also advocated for regular workshops focused on capacity building and knowledge sharing among museum professionals.

    To infuse new energy and fresh perspectives into the museum ecosystem, PM Modi proposed the formation of committees in each state, comprising five members under the age of 35. These youth-led groups would contribute innovative ideas to strengthen India’s museum network.

    Reflecting on the establishment of the museum dedicated to all Prime Ministers of India, the Prime Minister noted that it has helped preserve the legacies of past leaders, including India’s first Prime Minister, Jawaharlal Nehru—something he emphasized had not been fully achieved before 2014.

    In light of the upcoming 50th anniversary of the Emergency, PM Modi suggested the compilation and preservation of all legal documents and battles from that era, ensuring that future generations and scholars have access to this crucial chapter of India’s democratic journey.

    The Prime Minister also highlighted the importance of systematically preserving current events and documentation to benefit future researchers. He recommended leveraging the influence of prominent public figures and inviting diplomatic representatives to Indian museums to boost global awareness of India’s rich cultural heritage.

    During the meeting, other members of the PMML Society also shared their inputs and recommendations for further strengthening the institution and expanding its reach.

    PM Modi also planted a Kapur tree (Cinnamomum camphora) in the gardens of Teen Murti House, symbolizing growth, heritage, and sustainability.

  • PM Modi chairs 47th meeting of PMML Society, unveils vision for ‘Museum Map of India’

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi on Monday chaired the 47th Annual General Meeting of the Prime Ministers Museum and Library (PMML) Society at Teen Murti Bhawan, New Delhi. Emphasizing the vital role of museums in connecting people with history, the Prime Minister outlined a comprehensive vision for the future of India’s museum landscape.

    The Prime Minister proposed the creation of a “Museum Map of India,” a visionary initiative aimed at offering a unified cultural and informational platform showcasing museums across the country. He stressed the global significance of museums and their power to immerse people in historical experiences, calling for continuous efforts to enhance public interest and the societal standing of these institutions.

    Highlighting the importance of technology, the Prime Minister suggested developing a national database of all museums in India. This database would include key performance indicators such as visitor footfall and quality benchmarks. He also advocated for regular workshops focused on capacity building and knowledge sharing among museum professionals.

    To infuse new energy and fresh perspectives into the museum ecosystem, PM Modi proposed the formation of committees in each state, comprising five members under the age of 35. These youth-led groups would contribute innovative ideas to strengthen India’s museum network.

    Reflecting on the establishment of the museum dedicated to all Prime Ministers of India, the Prime Minister noted that it has helped preserve the legacies of past leaders, including India’s first Prime Minister, Jawaharlal Nehru—something he emphasized had not been fully achieved before 2014.

    In light of the upcoming 50th anniversary of the Emergency, PM Modi suggested the compilation and preservation of all legal documents and battles from that era, ensuring that future generations and scholars have access to this crucial chapter of India’s democratic journey.

    The Prime Minister also highlighted the importance of systematically preserving current events and documentation to benefit future researchers. He recommended leveraging the influence of prominent public figures and inviting diplomatic representatives to Indian museums to boost global awareness of India’s rich cultural heritage.

    During the meeting, other members of the PMML Society also shared their inputs and recommendations for further strengthening the institution and expanding its reach.

    PM Modi also planted a Kapur tree (Cinnamomum camphora) in the gardens of Teen Murti House, symbolizing growth, heritage, and sustainability.

  • Global shares rally, oil slumps as Trump announces Iran-Israel ceasefire

    Source: Government of India

    Source: Government of India (4)

    Global shares rallied and the dollar extended declines on Tuesday after U.S. President Donald Trump said Iran and Israel had agreed to a ceasefire, sending oil prices into a deep dive as concerns over supply disruptions ebbed.

    Writing on his Truth Social site, Trump implied a ceasefire would go into effect in 12 hours, after which the war would be considered “ended”.

    There was no immediate comment yet from Israel. While an Iranian official earlier confirmed that Tehran had agreed to a ceasefire, the country’s foreign minister said there would be no cessation of hostilities unless Israel stopped its attacks.

    Oil prices fell over 3%, having already slid 9% on Monday when Iran made a token retaliation against a U.S. base, which came to nothing and signalled it was done for now.

    With the immediate threat to the vital Strait of Hormuz shipping lane seemingly over, U.S. crude futures fell another 3.4% to $66.15 per barrel, the lowest since June 11.

    “With markets now viewing the escalation risk as over, market attention is likely to shift towards the looming tariff deadline in two weeks time,” said Prashant Newnaha, senior Asia-Pacific rates strategist at TD Securities.

    “Our sense is that the quicker than expected resolution to the Middle East conflict leads to expectations for a swifter resolution on tariffs and trade deals.”

    Risk assets rallied, with S&P 500 futures up 0.6% and Nasdaq futures 0.9% higher futures jumped 1.3% and futures rose 0.4%.

    The MSCI’s broadest index of Asia-Pacific shares outside Japan jumped 1.8% while Japan’s Nikkei rallied 1.4%.

    Two sources told Reuters that Japan’s tariff negotiator Ryosei Akazawa is arranging his seventh visit to the United States for as early as June 26, aiming to end tariffs that are hurting Japan’s economy.

    China’s blue chips rose 1%, while Hong Kong’s Hang Seng index gained 1.7%.

    News of the ceasefire saw the dollar extend an overnight retreat and slip 0.3% to 145.70 yen, having come off a six-week high of 148 yen overnight. The euro rose 0.2% to $1.1594 on Tuesday, having gained 0.5% overnight.

    The yen and euro benefited from the slide in oil prices as both the EU and Japan rely heavily on imports of oil and liquefied natural gas, while the United States is a net exporter.

    “The market was so well hedged against a major tail-risk event to play out…the actions and the dialogue we’ve seen highlight that the tail risks have not and will highly unlikely materialise,” said Chris Weston, head of Research at Pepperstone.

    Ten-year Treasury yields were 2 basis points higher at 4.35%, having declined 5 bps overnight after Federal Reserve Vice Chair for Supervision Michelle Bowman said the time to cut interest rates was getting nearer as risks to the job market may be on the rise.

    Fed Chair Jerome Powell will have his own chance to comment when appearing before Congress later on Tuesday and, so far, has been more cautious about a near-term easing.

    Markets still only imply around a 22% chance the Fed will cut at its next meeting on July 30.

    The risk-on mood saw gold prices ease 0.6% to $3,346 an ounce.

    (Reuters)

  • Trump announces ceasefire in 12-day Iran-Israel war

    Source: Government of India

    Source: Government of India (4)

    U.S. President Donald Trump announced on Monday a complete ceasefire between Israel and Iran, potentially ending the 12-day war that saw millions flee Tehran and prompted fears of further escalation in the war-torn region.

    But there was no confirmation from Israel and the Israeli military said it had detected missiles launched from Iran towards Israel in the early hours of Tuesday.

    “Defensive systems are operating to intercept the threat,” the Israel Defense Forces said in a statement.

    Israel, joined by the United States on the weekend, has carried out attacks on Iran’s nuclear facilities, after alleging Tehran was getting close to obtaining a nuclear weapon.

    “On the assumption that everything works as it should, which it will, I would like to congratulate both Countries, Israel and Iran, on having the Stamina, Courage, and Intelligence to end, what should be called, ‘THE 12 DAY WAR’,” Trump wrote on his Truth Social site.

    While an Iranian official earlier confirmed that Tehran had agreed to a ceasefire, the country’s foreign minister said there would be no cessation of hostilities unless Israel stopped its attacks.

    Abbas Araqchi said early on Tuesday that if Israel stopped its “illegal aggression” against the Iranian people no later than 4 a.m. Tehran time (0030 GMT) on Tuesday, Iran had no intention of continuing its response afterwards.

    There have been no reported Israeli attacks on Iran since that time.

    “The final decision on the cessation of our military operations will be made later,” Araqchi added in a post on X.

    A senior White House official said Trump had brokered the deal in a call with Israeli Prime Minister Benjamin Netanyahu and Israel had agreed so long as Iran did not launch further attacks.

    Trump appeared to suggest that Israel and Iran would have some time to complete any missions that are underway, at which point the ceasefire would begin in a staged process.

    Iran denies ever having a nuclear weapons program but Supreme Leader Ali Khamenei has said that if it wanted to, world leaders “wouldn’t be able to stop us”.

    Israel, which is not a party to the international Non-Proliferation Treaty, is the only country in the Middle East believed to have nuclear weapons. Israel does not deny or confirm that.

    Qatar’s Prime Minister Sheikh Mohammed bin Abdulrahman Al Thani secured Tehran’s agreement during a call with Iranian officials, an official briefed on the negotiations told Reuters on Tuesday.

    U.S. Vice President JD Vance, Secretary of State Marco Rubio and U.S. special envoy Steve Witkoff were in direct and indirect contact with the Iranians, the White House official said.

    Neither Iran’s U.N. mission nor the Israeli embassy in Washington responded to separate requests for comment from Reuters.

    Hours earlier, three Israeli officials had signaled Israel was looking to wrap up its campaign in Iran soon and had passed the message on to the United States.

    Netanyahu had told government ministers whose discussions ended early on Tuesday not to speak publicly, Israel’s Channel 12 television reported.

    Markets reacted favorably to the news.

    S&P 500 futures rose 0.4% late on Monday, suggesting traders expect the U.S. stock market to open with gains on Tuesday.

    U.S. crude futures fell in early Asian trading hours on Tuesday to their lowest level in more than a week after Trump said a ceasefire had been agreed, relieving worries of supply disruption in the region.

    END TO THE FIGHTING?

    There did not appear to be calm yet in the region.

    The Israeli military issued two evacuation warnings in less than two hours to residents of areas in the Iranian capital Tehran, one late on Monday and one early on Tuesday.

    Israeli Army radio reported early on Tuesday that alarms were activated in the southern Golan Heights area due to fears of hostile aircraft intrusion.

    Earlier on Monday, Trump said he would encourage Israel to proceed towards peace after dismissing Iran’s attack on an American air base that caused no injuries and thanking Tehran for the early notice of the strikes.

    He said Iran fired 14 missiles at the U.S. air base, calling it “a very weak response, which we expected, and have very effectively countered.”

    Iran’s handling of the attack recalled earlier clashes with the United States and Israel, with Tehran seeking a balance between saving face with a military response but without provoking a cycle of escalation it can’t afford.

    Tehran appears to have achieved that goal.

    Iran’s attack came after U.S. bombers dropped 30,000-pound bunker-buster bombs on Iranian underground nuclear facilities at the weekend, joining Israel’s air war.

    Much of Tehran’s population of 10 million has fled after days of bombing.

    The Trump administration maintains that its aim was solely to destroy Iran’s nuclear program, not to open a wider war.

    “Iran was very close to having a nuclear weapon,” Vice President JD Vance said in an interview on Fox News’ “Special Report with Bret Baier.”

    “Now Iran is incapable of building a nuclear weapon with the equipment they have because we destroyed it,” Vance said.

    Trump has cited intelligence reports that Iran was close to building a nuclear weapon, without elaborating. However, U.S. intelligence agencies said earlier this year they assessed that Iran was not building a nuclear weapon and a source with access to U.S. intelligence reports told Reuters last week that that assessment hadn’t changed.

    But in a social media post on Sunday, Trump spoke of toppling the hardline clerical rulers who have been Washington’s principal foes in the Middle East since Iran’s 1979 Islamic Revolution.

    Israel, however, had made clear that its strikes on Evin prison – a notorious jail for housing political prisoners – and other targets in Tehran were intended to hit the Iranian ruling apparatus broadly, and its ability to sustain power.

    (Reuters)

  • India and Kenya unveil India-Africa commemorative pillar honouring World War I soldiers

    Source: Government of India

    Source: Government of India (4)

    In a significant gesture of remembrance and cooperation, India’s Minister of State for Defence, Sanjay Seth, and Kenya’s Cabinet Secretary for Defence, Roselinda Soipan Tuya, on Monday, jointly unveiled the India-Africa Commemorative Pillar at Mile 27 in Taita Taveta County, Kenya. The ceremony honoured the courage and sacrifice of unknown Indian and African soldiers who died during World War I in the East African theatre.

    The commemorative initiative was conceptualised by the High Commission of India in Kenya and materialised with the financial support of the Ministry of Defence, Government of India. The project was implemented in close collaboration with the Kenya Defence Forces and officials from Taita Taveta County.

    The pillar serves as a powerful symbol of shared military history and solidarity between India and Kenya. It not only pays tribute to the fallen soldiers but also reinforces the longstanding and growing defence ties between the two nations. These ties are rooted in mutual respect, shared democratic values, and a joint commitment to peace and global security.

    The unveiling ceremony was attended by senior officials from the Kenya Defence Forces, representatives from Taita Taveta County, members of the Indian Ministry of Defence delegation, and other dignitaries from the diplomatic and military community.

  • Kharif crop sowing shows strong start in 2025: Agriculture Ministry Report

    Source: Government of India

    Source: Government of India (4)

    The Ministry of Agriculture & Farmers Welfare has released its latest update on the progress of kharif crop sowing across the country as of June 20. The figures indicate a promising start to the kharif season, with the total area sown reaching 137.84 lakh hectares — an increase of nearly 13 lakh hectares compared to the corresponding period in 2024.

    According to data compiled by the Department of Agriculture & Farmers’ Welfare, rice sowing has seen a substantial rise, with 13.22 lakh hectares covered this year, compared to 8.37 lakh hectares last year — a gain of 4.86 lakh hectares.

    Pulses have also witnessed a significant uptick. A total of 9.44 lakh hectares have been brought under pulses cultivation, marking an increase of 2.80 lakh hectares over 2024. Among individual pulse crops, urd bean saw a rise of 0.77 lakh hectares, and moong bean surged by 1.77 lakh hectares. However, arhar saw a marginal decline of 0.13 lakh hectares. Other pulses like mothbean, kulthi, and sesamum registered slight increases.

    Coarse cereals — grouped under the newly rebranded “Shri Anna” category — recorded sowing over 18.03 lakh hectares, up by 3.25 lakh hectares compared to last year. Maize led this segment with 12.32 lakh hectares sown, reflecting a growth of 2.01 lakh hectares. Bajra and jowar also saw increases, while ragi and small millets recorded slight declines.

    In contrast, oilseeds saw a slight decrease overall, with 5.38 lakh hectares sown this year as against 5.49 lakh hectares in 2024. Groundnut and soybean sowing declined marginally, while crops like sesamum and sunflower posted small gains.

    Sugarcane continued its strong presence, with an area coverage of 55.07 lakh hectares — up by 0.20 lakh hectares from last year. Jute and mesta, however, saw a decrease of 0.17 lakh hectares in area sown.

    Cotton has shown a healthy rise in sowing activity, with 31.25 lakh hectares covered this year as against 29.12 lakh hectares last year — a significant increase of 2.14 lakh hectares.

    Overall, the kharif season of 2025 is off to a positive start, with total sowing across all major crops covering 137.84 lakh hectares compared to 124.88 lakh hectares in the same period last year.

  • Kharif crop sowing shows strong start in 2025: Agriculture Ministry Report

    Source: Government of India

    Source: Government of India (4)

    The Ministry of Agriculture & Farmers Welfare has released its latest update on the progress of kharif crop sowing across the country as of June 20. The figures indicate a promising start to the kharif season, with the total area sown reaching 137.84 lakh hectares — an increase of nearly 13 lakh hectares compared to the corresponding period in 2024.

    According to data compiled by the Department of Agriculture & Farmers’ Welfare, rice sowing has seen a substantial rise, with 13.22 lakh hectares covered this year, compared to 8.37 lakh hectares last year — a gain of 4.86 lakh hectares.

    Pulses have also witnessed a significant uptick. A total of 9.44 lakh hectares have been brought under pulses cultivation, marking an increase of 2.80 lakh hectares over 2024. Among individual pulse crops, urd bean saw a rise of 0.77 lakh hectares, and moong bean surged by 1.77 lakh hectares. However, arhar saw a marginal decline of 0.13 lakh hectares. Other pulses like mothbean, kulthi, and sesamum registered slight increases.

    Coarse cereals — grouped under the newly rebranded “Shri Anna” category — recorded sowing over 18.03 lakh hectares, up by 3.25 lakh hectares compared to last year. Maize led this segment with 12.32 lakh hectares sown, reflecting a growth of 2.01 lakh hectares. Bajra and jowar also saw increases, while ragi and small millets recorded slight declines.

    In contrast, oilseeds saw a slight decrease overall, with 5.38 lakh hectares sown this year as against 5.49 lakh hectares in 2024. Groundnut and soybean sowing declined marginally, while crops like sesamum and sunflower posted small gains.

    Sugarcane continued its strong presence, with an area coverage of 55.07 lakh hectares — up by 0.20 lakh hectares from last year. Jute and mesta, however, saw a decrease of 0.17 lakh hectares in area sown.

    Cotton has shown a healthy rise in sowing activity, with 31.25 lakh hectares covered this year as against 29.12 lakh hectares last year — a significant increase of 2.14 lakh hectares.

    Overall, the kharif season of 2025 is off to a positive start, with total sowing across all major crops covering 137.84 lakh hectares compared to 124.88 lakh hectares in the same period last year.

  • Regional crisis deepens after U.S. and Israeli strikes on Iranian nuclear sites

    Source: Government of India

    Source: Government of India (4)

    Tensions in the Middle East have reached a critical point following a direct strike by the United States on three of Iran’s major nuclear facilities. Explosions rocked Tehran, including a reported Israeli missile strike on the entrance to the capital’s notorious Evin Prison, in what officials are calling a coordinated Israeli campaign targeting both military and governmental sites across Iran.

    The attacks on the Fordow, Natanz, and Isfahan nuclear facilities, described by the International Atomic Energy Agency (IAEA) as involving ground-penetrating munitions and cruise missiles, have escalated into a broader regional conflict. Iran retaliated with waves of missiles and drones, striking multiple cities in Israel. While the full extent of the damage remains unclear, the strikes mark a dramatic escalation of hostilities and a direct confrontation among Iran, Israel, and the United States.

    In a rare move that signals a widening of military objectives, the Israeli Defense Forces targeted Evin Prison, a high-security facility housing political prisoners, dual nationals, and government critics. The operation marks a shift in Israeli strategy, extending beyond purely military targets to the symbolic and institutional pillars of the Iranian regime.

    Amid the spiraling crisis, Iran’s Parliament Speaker Mohammad Baqer Qalibaf announced that the legislature is weighing legislation to suspend all cooperation with the IAEA. Qalibaf insisted that Iran has no intention of pursuing non-peaceful nuclear activity but accused the UN nuclear watchdog of failing to maintain its neutrality and professionalism, alleging it had become politicized.

    In Vienna, IAEA Director General Rafael Grossi convened an emergency session of the agency’s Board of Governors. Grossi confirmed that key Iranian nuclear sites had been significantly damaged, though off-site radiation levels remained unchanged. He warned that the conflict presents a grave threat to the global non-proliferation regime and called for the immediate restoration of IAEA access to Iranian facilities, including those housing uranium enriched to 60 percent purity. Grossi also revealed that inspectors remain in Iran and are ready to resume oversight operations.

    “The current trajectory is deeply concerning for international security,” Grossi told the assembled board members. “We must prioritize diplomacy and the technical role of the IAEA, not allow it to be undermined by geopolitical agendas.”

    The regional impact has already begun to ripple outward. Major energy companies, including Eni, BP, and Total Energies, began emergency evacuations of foreign staff from Iraqi oilfields. Iraq’s state-run Basra Oil Company confirmed the move amid fears of broader conflict. Meanwhile, the U.S. Embassy in Qatar issued an urgent advisory instructing American citizens to remain indoors due to the volatile security situation.

    In Moscow, Russian President Vladimir Putin met with Iranian Foreign Minister Abbas Araghchi, expressing strong support for Tehran and condemning the strikes by the U.S. and Israel as an “unprovoked act of aggression.” Putin reaffirmed Russia’s commitment to its strategic alliance with Iran, while noting that he had held recent consultations with U.S. President Donald Trump, Israeli Prime Minister Benjamin Netanyahu, UAE President Mohammed Al Nahyan, and Iranian President Masoud Pezeshkian.

    Araghchi, in turn, thanked Russia for its support and denounced the attacks as illegal violations of international law. He emphasized Iran’s right to defend its sovereignty and stated that Tehran would continue to work closely with Moscow amid the growing crisis.

  • Regional crisis deepens after U.S. and Israeli strikes on Iranian nuclear sites

    Source: Government of India

    Source: Government of India (4)

    Tensions in the Middle East have reached a critical point following a direct strike by the United States on three of Iran’s major nuclear facilities. Explosions rocked Tehran, including a reported Israeli missile strike on the entrance to the capital’s notorious Evin Prison, in what officials are calling a coordinated Israeli campaign targeting both military and governmental sites across Iran.

    The attacks on the Fordow, Natanz, and Isfahan nuclear facilities, described by the International Atomic Energy Agency (IAEA) as involving ground-penetrating munitions and cruise missiles, have escalated into a broader regional conflict. Iran retaliated with waves of missiles and drones, striking multiple cities in Israel. While the full extent of the damage remains unclear, the strikes mark a dramatic escalation of hostilities and a direct confrontation among Iran, Israel, and the United States.

    In a rare move that signals a widening of military objectives, the Israeli Defense Forces targeted Evin Prison, a high-security facility housing political prisoners, dual nationals, and government critics. The operation marks a shift in Israeli strategy, extending beyond purely military targets to the symbolic and institutional pillars of the Iranian regime.

    Amid the spiraling crisis, Iran’s Parliament Speaker Mohammad Baqer Qalibaf announced that the legislature is weighing legislation to suspend all cooperation with the IAEA. Qalibaf insisted that Iran has no intention of pursuing non-peaceful nuclear activity but accused the UN nuclear watchdog of failing to maintain its neutrality and professionalism, alleging it had become politicized.

    In Vienna, IAEA Director General Rafael Grossi convened an emergency session of the agency’s Board of Governors. Grossi confirmed that key Iranian nuclear sites had been significantly damaged, though off-site radiation levels remained unchanged. He warned that the conflict presents a grave threat to the global non-proliferation regime and called for the immediate restoration of IAEA access to Iranian facilities, including those housing uranium enriched to 60 percent purity. Grossi also revealed that inspectors remain in Iran and are ready to resume oversight operations.

    “The current trajectory is deeply concerning for international security,” Grossi told the assembled board members. “We must prioritize diplomacy and the technical role of the IAEA, not allow it to be undermined by geopolitical agendas.”

    The regional impact has already begun to ripple outward. Major energy companies, including Eni, BP, and Total Energies, began emergency evacuations of foreign staff from Iraqi oilfields. Iraq’s state-run Basra Oil Company confirmed the move amid fears of broader conflict. Meanwhile, the U.S. Embassy in Qatar issued an urgent advisory instructing American citizens to remain indoors due to the volatile security situation.

    In Moscow, Russian President Vladimir Putin met with Iranian Foreign Minister Abbas Araghchi, expressing strong support for Tehran and condemning the strikes by the U.S. and Israel as an “unprovoked act of aggression.” Putin reaffirmed Russia’s commitment to its strategic alliance with Iran, while noting that he had held recent consultations with U.S. President Donald Trump, Israeli Prime Minister Benjamin Netanyahu, UAE President Mohammed Al Nahyan, and Iranian President Masoud Pezeshkian.

    Araghchi, in turn, thanked Russia for its support and denounced the attacks as illegal violations of international law. He emphasized Iran’s right to defend its sovereignty and stated that Tehran would continue to work closely with Moscow amid the growing crisis.

  • India to conduct first comprehensive household income survey in 2026

    Source: Government of India

    Source: Government of India (4)

    In a landmark step to bridge critical data gaps in the Indian economy, the Ministry of Statistics and Programme Implementation (MoSPI) has announced that the National Sample Survey (NSS) will undertake its first full-fledged Household Income Survey in 2026. The initiative, announced today, aims to generate detailed insights into income distribution and assess the impact of structural changes in the Indian economy over the last 75 years.

    Since its inception in 1950, the NSS has built a global reputation for its wide-ranging and methodically rigorous household surveys, conducted on an annual and quarterly basis. However, despite this legacy, the NSS has yet to implement a nationwide survey focused solely on income distribution. Past attempts, including pilot surveys and efforts in the 9th and 14th rounds in the 1950s, and more structured surveys on receipts and disbursements in the 19th and 24th rounds during the 1960s and 70s, failed to yield reliable data. The key issue was the consistent underreporting of income compared to household consumption and savings.

    Recognizing the growing importance of understanding household income for policy design and economic planning, the Ministry has now resolved to address these long-standing limitations. This survey forms part of a broader initiative by MoSPI to strengthen India’s statistical infrastructure, which has recently included annual surveys on the unincorporated and services sectors, private capital expenditure, and domestic travel and tourism.

    To guide the successful execution of this ambitious survey, MoSPI has constituted a Technical Expert Group (TEG) under the chairmanship of Dr. Surjit S. Bhalla, former Executive Director for India at the International Monetary Fund. Drawing from international best practices adopted in countries such as Australia, the United States, Canada, and South Africa, the TEG will oversee the conceptual framework, survey methodology, sampling design, and estimation techniques. It will also guide the integration of digital technology in measuring wage and income impacts.

    The group is empowered to co-opt additional subject matter experts and invite special invitees to its meetings as needed, ensuring a robust and inclusive consultation process.

  • India and the world celebrate 11th International Day of Yoga 2025 with record-breaking global participation

    Source: Government of India

    Source: Government of India (4)

    The 11th International Day of Yoga (IDY 2025) witnessed an unprecedented global celebration on June 21 with over 2,000 yoga events held across 191 countries, reinforcing yoga’s universal message of wellness, peace, and unity. Spearheaded by Prime Minister Narendra Modi, the initiative continues to emphasize India’s leadership in promoting holistic health and traditional wisdom on a global scale.

    Domestically, the scale of engagement was massive, with 13.04 lakh yoga events registered across India through the Yoga Portal by June 20. This overwhelming response from people across regions showcased a deep-rooted commitment to the practice and its role in public well-being.

    A landmark moment came from Visakhapatnam, where two Guinness World Records were set: the largest yoga gathering at a single venue with an astounding 3.02 lakh participants, and the largest mass Surya Namaskar demonstration, performed by 22,122 tribal students on June 20.

    The Ministry of Ayush, in collaboration with various government departments and local administrations, conducted fifteen iconic yoga demonstrations at culturally and geographically significant locations throughout the country. These events were designed not only to highlight the richness of India’s heritage but also to connect the practice of yoga with national spirit and natural beauty.

    Among the most challenging locations were the icy heights of the Siachen Glacier, where Indian Army personnel practiced yoga at the world’s highest battlefield. Other high-altitude sessions were held in the Galwan Valley, Rohtang Pass, and Sela Tunnel, with Border Roads Organisation (BRO) and Indo-Tibetan Border Police (ITBP) staff participating under extreme conditions. In Jammu & Kashmir, yoga was performed on the Chenab Rail Bridge — the world’s highest railway bridge — blending engineering excellence with spiritual depth.

    In the westernmost part of India, the Konark Corps of the Indian Army led a session in the Rann and Creek sector of Kutch, Gujarat. Meanwhile, India’s southernmost tip, Indira Point in the Andaman & Nicobar Islands, saw yoga performed by personnel from the Andaman & Nicobar Command. Offshore yoga also made its mark, with ONGC personnel participating on an oil rig in the Arabian Sea. On the New Pamban Bridge in Tamil Nadu, railway officials, scouts, guides, and students came together to demonstrate the theme of connectedness and flow.

    Spiritual and historical landmarks also hosted special sessions. The 91 UP Battalion of the NCC conducted yoga on the banks of the Ganga at NaMo Ghat in Varanasi, while the BSF Rajasthan Frontier held a culturally vibrant session at Kishangarh Fort in Jaisalmer. Youth athletes performed yoga in the picturesque meadows of Pahalgam and Sonmarg, Jammu & Kashmir, emphasizing harmony with nature. In a significant cross-border gesture, Indian pilgrims undertaking the Kailash Manasarovar Yatra via Nathu La practiced yoga in Bainang County, Tibet Autonomous Region, symbolizing transnational spiritual unity.

    In partnership with the Geological Survey of India, twelve yoga sessions were held at prominent Geological Heritage Sites known for their scientific, ecological, and cultural significance. These included locations like Rahioli Dinosaur Fossil Park in Gujarat, Bhimbetka Rock Shelters in Madhya Pradesh, and Arwah-Lumshynna Cave in Meghalaya, among others. These events underscored the deep connection between yoga and the Earth’s natural history, promoting the theme “Yoga for All, Yoga Everywhere.”

    Through a Whole of Government approach, the Ministry of Ayush was able to orchestrate this vast celebration with the support of multiple ministries, state governments, educational institutions, the Indian Armed Forces, yoga organizations, NGOs, and millions of practitioners worldwide.

    The Ministry expressed heartfelt gratitude to all who contributed to making IDY 2025 a historic global celebration of health, resilience, and unity, upholding yoga as not just a practice, but a living tradition that continues to inspire generations across continents.

  • India and the world celebrate 11th International Day of Yoga 2025 with record-breaking global participation

    Source: Government of India

    Source: Government of India (4)

    The 11th International Day of Yoga (IDY 2025) witnessed an unprecedented global celebration on June 21 with over 2,000 yoga events held across 191 countries, reinforcing yoga’s universal message of wellness, peace, and unity. Spearheaded by Prime Minister Narendra Modi, the initiative continues to emphasize India’s leadership in promoting holistic health and traditional wisdom on a global scale.

    Domestically, the scale of engagement was massive, with 13.04 lakh yoga events registered across India through the Yoga Portal by June 20. This overwhelming response from people across regions showcased a deep-rooted commitment to the practice and its role in public well-being.

    A landmark moment came from Visakhapatnam, where two Guinness World Records were set: the largest yoga gathering at a single venue with an astounding 3.02 lakh participants, and the largest mass Surya Namaskar demonstration, performed by 22,122 tribal students on June 20.

    The Ministry of Ayush, in collaboration with various government departments and local administrations, conducted fifteen iconic yoga demonstrations at culturally and geographically significant locations throughout the country. These events were designed not only to highlight the richness of India’s heritage but also to connect the practice of yoga with national spirit and natural beauty.

    Among the most challenging locations were the icy heights of the Siachen Glacier, where Indian Army personnel practiced yoga at the world’s highest battlefield. Other high-altitude sessions were held in the Galwan Valley, Rohtang Pass, and Sela Tunnel, with Border Roads Organisation (BRO) and Indo-Tibetan Border Police (ITBP) staff participating under extreme conditions. In Jammu & Kashmir, yoga was performed on the Chenab Rail Bridge — the world’s highest railway bridge — blending engineering excellence with spiritual depth.

    In the westernmost part of India, the Konark Corps of the Indian Army led a session in the Rann and Creek sector of Kutch, Gujarat. Meanwhile, India’s southernmost tip, Indira Point in the Andaman & Nicobar Islands, saw yoga performed by personnel from the Andaman & Nicobar Command. Offshore yoga also made its mark, with ONGC personnel participating on an oil rig in the Arabian Sea. On the New Pamban Bridge in Tamil Nadu, railway officials, scouts, guides, and students came together to demonstrate the theme of connectedness and flow.

    Spiritual and historical landmarks also hosted special sessions. The 91 UP Battalion of the NCC conducted yoga on the banks of the Ganga at NaMo Ghat in Varanasi, while the BSF Rajasthan Frontier held a culturally vibrant session at Kishangarh Fort in Jaisalmer. Youth athletes performed yoga in the picturesque meadows of Pahalgam and Sonmarg, Jammu & Kashmir, emphasizing harmony with nature. In a significant cross-border gesture, Indian pilgrims undertaking the Kailash Manasarovar Yatra via Nathu La practiced yoga in Bainang County, Tibet Autonomous Region, symbolizing transnational spiritual unity.

    In partnership with the Geological Survey of India, twelve yoga sessions were held at prominent Geological Heritage Sites known for their scientific, ecological, and cultural significance. These included locations like Rahioli Dinosaur Fossil Park in Gujarat, Bhimbetka Rock Shelters in Madhya Pradesh, and Arwah-Lumshynna Cave in Meghalaya, among others. These events underscored the deep connection between yoga and the Earth’s natural history, promoting the theme “Yoga for All, Yoga Everywhere.”

    Through a Whole of Government approach, the Ministry of Ayush was able to orchestrate this vast celebration with the support of multiple ministries, state governments, educational institutions, the Indian Armed Forces, yoga organizations, NGOs, and millions of practitioners worldwide.

    The Ministry expressed heartfelt gratitude to all who contributed to making IDY 2025 a historic global celebration of health, resilience, and unity, upholding yoga as not just a practice, but a living tradition that continues to inspire generations across continents.

  • MoPR partners with IIM Ahmedabad to train Panchayats in generating own source revenue

    Source: Government of India

    Source: Government of India (4)

    The Ministry of Panchayati Raj (MoPR), under the banner of Azadi Ka Amrit Mahotsav, has launched a comprehensive Training of Trainers (ToT) programme aimed at strengthening the financial autonomy of Panchayats. The three-day programme, inaugurated today at the Indian Institute of Public Administration (IIPA), New Delhi, focuses on enhancing the capacity of Panchayats to generate their Own Source Revenue (OSR). This initiative is being implemented under the Rashtriya Gram Swaraj Abhiyan (RGSA) in collaboration with the Indian Institute of Management (IIM) Ahmedabad.

    Vivek Bharadwaj, Secretary of the Ministry of Panchayati Raj, inaugurated the training session, which brought together faculty from IIM Ahmedabad, officials from IIPA, nominated Master Trainers from 16 States and Union Territories, and senior ministry officers. In his keynote address, Bharadwaj emphasized the national vision of creating Atmanirbhar Panchayats, identifying OSR as a key pillar in achieving this goal. He highlighted that the ability to raise and manage local revenues is a marker of a Panchayat’s leadership strength, public trust, and institutional maturity.

    Calling the ToT a platform for transforming knowledge into actionable practices, Shri Bharadwaj encouraged participants to return to their States equipped with strategies to foster financial independence through local innovation and community engagement. He also commended IIM Ahmedabad for its role in designing a field-oriented and research-backed training module. He urged participating States and UTs to integrate the training outcomes into their systems by institutionalizing Panchayat-level revenue planning and implementing model frameworks being developed by the Ministry. He emphasized that these steps will help create a network of trained resource persons and financially conscious Panchayat functionaries, leading to resilient, accountable, and development-ready local governments.

    Sushil Kumar Lohani, Additional Secretary, MoPR, elaborated on the Ministry’s broader efforts to empower Panchayats financially. He revealed that the Ministry is currently developing a Model OSR Rules framework following an in-depth review of State-level legislation. Additionally, a Digital Tax Collection Portal is in the works, designed to streamline tax collection, improve accountability, and ensure digital integration suited to local needs. Shri Lohani expressed confidence that this ToT would lay the foundation for replicating OSR capacity-building efforts throughout the Panchayati Raj system.

    The training modules have been crafted by IIM Ahmedabad’s faculty to focus on practical implementation, behavioural insights, and peer learning. Key areas covered include the fundamentals of OSR, strategic revenue enhancement methods, behavioural science in tax collection, revenue utilization for village development, innovative financing mechanisms, revenue planning, and project management for effective implementation of Gram Panchayat Development Plans (GPDPs).

    Addressing the gathering, Prof. Ranjan Kumar Ghosh from IIM Ahmedabad lauded the Ministry’s commitment to integrating OSR into mainstream Panchayati Raj governance. He underscored the significance of the training as a chance for participants to shift their perspective on local governance—from a compliance-driven model to one based on proactive planning, citizen involvement, and financial independence.

    The session also showcased inspiring case studies from high-performing Gram Panchayats in Odisha, Gujarat, Goa, Uttar Pradesh, Maharashtra, and the Andaman & Nicobar Islands, illustrating innovative approaches to revenue generation. A total of 65 Master Trainers from 16 States and UTs are taking part in this round of training, with a second ToT scheduled for early July to cover the remaining regions. The programme is designed to have a cascading impact, with trained participants expected to support implementation and adaptation efforts at the State level.

  • PM Modi to inaugurate centenary celebration of historic dialogue between Sree Narayana Guru and Mahatma Gandhi

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi will inaugurate the centenary celebration of the historic conversation between Sree Narayana Guru and Mahatma Gandhi on Tuesday, June 24. The event is scheduled to take place at 11:00 AM at Vigyan Bhawan in New Delhi, where the Prime Minister will also address the gathering.

    This centenary marks 100 years since the landmark interaction between two of India’s most revered spiritual and moral leaders. The original conversation took place on March 12, 1925, at the Sivagiri Mutt during Mahatma Gandhi’s visit. Their dialogue addressed key social and moral issues of the time, including the Vaikom Satyagraha, religious conversions, non-violence, abolition of untouchability, the path to salvation, and the upliftment of the downtrodden.

    The event is being organised by the Sree Narayana Dharma Sanghom Trust, which manages the Sivagiri Mutt. It aims to bring together spiritual leaders, scholars, and social reformers to reflect on the significance of this dialogue, which continues to influence India’s social and ethical landscape.

  • India advances carbon pricing reforms to meet climate goals

    Source: Government of India

    Source: Government of India (4)

    India is moving steadily towards establishing a comprehensive carbon pricing ecosystem aimed at meeting its climate and development commitments. With the formal adoption of the Carbon Credit Trading Scheme (CCTS) in July 2024 and increasing alignment with global carbon markets, the country is setting the stage for a structured, rate-based Emissions Trading System (ETS).

    According to the World Bank’s State and Trends of Carbon Pricing 2025 report, India has emerged as a notable player among emerging economies—alongside Brazil and Türkiye—in advancing carbon pricing frameworks and climate finance tools.

    A Transition to Rate-Based Emissions Trading

    Unlike cap-based systems where total emissions are limited, India’s ETS follows a rate-based model. Here, emissions are not capped outright, but each entity is assigned a performance benchmark to limit net emissions relative to output. This model offers greater flexibility, particularly for fast-growing economies like India, by accommodating industrial expansion while maintaining climate discipline.

    The national ETS is set to initially cover nine energy-intensive sectors, including cement, steel, and power generation. Facilities outperforming benchmark emission levels will be issued tradable Credit Certificates. The scheme thus rewards efficiency while laying the groundwork for the Indian Carbon Market (ICM).

    India’s Ministry of Power approved eight methodologies on March 28, 2025, for generating voluntary carbon credits. These include renewable energy, green hydrogen production, industrial energy efficiency, and mangrove afforestation. This move supports the broader aim of transitioning from existing schemes such as the Perform, Achieve and Trade (PAT) programme to a market-ready, credit-based system.

    Emerging Economies in Comparison

    Among peer economies, China operates a similar rate-based ETS focused on the power and heavy industrial sectors. Indonesia, too, follows a rate-based structure and has recently expanded its coverage. Brazil stands apart with a cap-based system, legislated in December 2024, covering all sectors barring agriculture. India’s carbon pricing framework is currently in the regulatory phase but is expected to become operational within the next fiscal year.

    Voluntary Carbon Market: Expanding the Scope

    India is developing a voluntary carbon market to include sectors currently outside the purview of the compliance mechanism. These encompass agriculture, afforestation, and clean cooking initiatives. The objective is to channel private capital towards climate-positive projects through transparent crediting mechanisms and market participation.

    The regulatory backbone for this voluntary market is provided by the Energy Conservation (Amendment) Act, 2022. This law empowers the central government to issue carbon credit certificates, thereby legitimising both compliance and voluntary credit markets.

    Policy Support and Institutional Framework

    Several flagship initiatives are helping fortify India’s carbon market architecture. Among them is the National Green Hydrogen Mission, which aims to produce 5 million metric tonnes of green hydrogen annually by 2030. The mission is closely tied to the carbon credit mechanism through approved methodologies that recognise hydrogen’s potential as a low-emission fuel.

    Meanwhile, the PAT scheme—implemented by the Bureau of Energy Efficiency (BEE) since 2012—has achieved a 15–25% reduction in emissions intensity in targeted sectors. It will gradually integrate with the ETS, ensuring a seamless policy transition.

    India’s renewable energy ambitions remain central to its climate policy. The government aims to install 500 GW of non-fossil fuel-based power capacity by 2030, with carbon pricing acting as a complementary instrument to accelerate this shift.

    Market Readiness and Governance

    To strengthen governance, the National Steering Committee for the Indian Carbon Market (NSCICM) has been constituted. It includes representatives from key ministries, state governments, and industry stakeholders. The Committee is responsible for setting targets, issuing guidelines, and ensuring transparency in market operations. It also oversees the development of international trading mechanisms and verifies emission intensity reductions.

    The Bureau of Energy Efficiency, functioning under the Ministry of Power, plays a pivotal role as the technical arm of India’s climate governance. Since its inception in 2002, BEE has deployed a combination of regulatory and market-based tools to drive energy efficiency across sectors such as industry, buildings, transport, and agriculture.

    Enabling Behavioural Shifts

    India’s approach also includes behavioural interventions. Launched as a global movement at COP27, Mission LiFE (Lifestyle for Environment) encourages individuals to adopt climate-friendly daily habits. The mission aims to mobilise one billion people by 2028 and transform 80% of Indian villages and urban bodies into green communities.

    Complementing this is the Green Credit Programme (GCP), which was notified in October 2023 under the Environment Protection Act, 1986. GCP promotes tree plantation on degraded forest land, issuing digital credits to participants—ranging from individuals to corporations—who maintain the plantations over a decade. The scheme is designed to expand India’s green cover and incentivise voluntary environmental stewardship.

    Towards a Carbon-Conscious Economy

    India’s carbon pricing journey is firmly grounded in the principle of Common but Differentiated Responsibilities and Respective Capabilities (CBDR-RC), ensuring that climate action remains equitable and context-specific. With institutional structures now in place and policy backing strong, the country is poised to lead by example in aligning economic development with environmental sustainability.

  • Evacuees laud ‘Operation Sindhu’, credit PM Modi for safe evacuation

    Source: Government of India

    Source: Government of India (4)

    As India continues to bring its nationals home from Iran under ‘Operation Sindhu’, evacuees on Monday expressed heartfelt gratitude to Prime Minister Narendra Modi and the Union government for the timely and efficient efforts to help Indians stuck in the war-hit country.

    Recounting their ordeal, one evacuee told IANS, “I was brought back from Iran. We were in serious trouble. I want to thank PM Modi for ensuring our safe return.”

    Another evacuee from Lucknow, who had been in Iran for the past 22 days, said, “When Israel attacked Iran, the Indian Embassy stayed in constant contact with us. They ensured our safety, provided us with food and medicine. We are truly thankful. Jai Modi!”

    Describing the tense conditions, a young student added, “The situation there was very bad, but the Indian Embassy supported us fully. We didn’t face any difficulties, and the arrangements for our return were excellent.”

    Another returnee added, “There’s nothing better than our India. Our PM Modi is truly great.”

    Another evacuee stated, “The situation in Iran was frightening with continuous bombardments. Despite that, the Indian government made proper arrangements. PM Modi took care of all of us.”

    Yet another person praised the seamless coordination, saying, “The government did a fantastic job, from picking us up in Iran to bringing us back home. The Indian Embassy was constantly in touch. I am extremely grateful.”

    On Monday, another batch of 285 Indian nationals landed safely in New Delhi as part of the ongoing ‘Operation Sindhu’, taking the total number of evacuees to 1,713.

    This large-scale evacuation effort comes in response to the escalating conflict in the Middle East, especially between Iran and Israel. The latest flight included passengers from various states including Delhi, Bihar, Gujarat, Uttar Pradesh, Maharashtra, and Jammu and Kashmir.

    Coordinated by the Ministry of External Affairs, ‘Operation Sindhu’ highlights India’s firm commitment to safeguarding its citizens, even in the most volatile regions of the world.

    (With inputs from IANS)

  • Bridging Gaps, Building Futures: 11 Years of inclusive growth for minorities in India

    Source: Government of India

    Source: Government of India (4)

    Over the past eleven years, the central government has made substantial progress in promoting inclusive development among the six centrally notified minority communities—Muslims, Christians, Sikhs, Buddhists, Parsis, and Jains. Through a multi-dimensional approach involving education, employment, cultural preservation, digital transformation, and legislative reform, the Ministry of Minority Affairs has worked toward narrowing socio-economic disparities and empowering marginalized sections of society.

    Economic Empowerment and Skills Development

    At the heart of this transformative agenda is the Pradhan Mantri Virasat Ka Samvardhan (PM VIKAS), a flagship scheme launched by the Ministry of Minority Affairs. This comprehensive initiative merges five earlier schemes—Seekho Aur Kamao, Nai Manzil, Nai Roshni, Hamari Dharohar, and USTTAD—into one. PM VIKAS focuses on upskilling youth, promoting entrepreneurship, and empowering minority women through leadership and training programs. It operates in conjunction with the Skill India Mission and integrates with the Skill India Portal for wider outreach and impact.

    The National Minorities Development and Finance Corporation (NMDFC) continues to play a pivotal role in economic empowerment. Offering concessional loans for self-employment, the NMDFC has disbursed ₹752.23 crore to over 1.74 lakh beneficiaries as of March 10, 2025, a significant rise from ₹431.20 crore in 2014-15.

    Infrastructure Development for Community Welfare

    Infrastructure growth has been spearheaded by the Pradhan Mantri Jan Vikas Karyakram (PMJVK), a centrally sponsored scheme aimed at holistic development in minority-concentrated areas. Since 2014-15, projects worth ₹18,416 crore have been sanctioned, covering approximately 5.63 lakh infrastructure units across sectors like health, education, sanitation, renewable energy, and women and child development. The scheme has now been digitized for better monitoring and transparency, with 1,300 Minority Concentration Areas identified across 308 districts in 32 states and UTs.

    Education and Scholarships

    While some schemes like the Maulana Azad National Fellowship (MANF) and Padho Pardesh have been discontinued due to overlaps with other government initiatives, others like the Begum Hazrat Mahal National Scholarship for girls in classes IX to XII, and Naya Savera (Free Coaching and Allied scheme) continue to support educational aspirations of minority youth. Naya Savera provides coaching for competitive exams and admissions into technical and professional courses.

    Cultural and Heritage Preservation

    Schemes like Hamari Dharohar and USTTAD (Upgrading the Skills and Training in Traditional Arts/Crafts for Development) focus on preserving the cultural legacy of minority communities. These schemes support exhibitions, documentation, and skill development among traditional artisans while creating market linkages for their products.

    In further efforts to promote cultural heritage, ₹25 crore has been sanctioned for a Centre for Gurumukhi Script at Khalsa College, Delhi University, while ₹11.17 crore has been approved for a Centre for Avesta Pahlavi Studies at Mumbai University. Projects worth ₹65 crore are in progress for Jain Studies and Manuscriptology at institutions in Indore and Gujarat.

    Special Initiatives for Community Support

    The Jiyo Parsi scheme, launched in 2013-14 to address the declining Parsi population, has aided the birth of over 400 Parsi children. In FY 2023-24, ₹3 crore was released, with a proposed budget of ₹6 crore for 2024-25.

    Under the Buddhist Development Plan (BDP), ₹300.17 crore worth of projects have been approved to support Buddhist communities, especially in the Himalayan belt. Key institutions like the Central Institute of Buddhist Studies (CIBS) and Central Institute of Himalayan Culture Studies (CIHCS) are implementing these initiatives through a hub-and-spoke model.

    The Government has also focused on easing the Haj pilgrimage, transferring its administration from the Ministry of External Affairs to the Ministry of Minority Affairs in 2016. Expenditures have increased from ₹47.37 crore in 2014-15 to ₹83.51 crore in 2023-24. Digital support has been introduced through the Haj Suvidha App, providing pilgrims access to essential services like travel details, emergency help, and training materials.

    Legislative Reforms and Digital Transformation

    A significant development came with the Waqf (Amendment) Act, 2025 notified on April 8, 2025. This amendment strengthens governance and transparency in the management of Waqf properties. It is complemented by the launch of the UMEED Portalon June 6, 2025—a centralized digital platform for uploading, verifying, and monitoring Waqf properties. These measures aim to modernize asset management and ensure properties are used for their intended religious and charitable purposes.

    Further modernization efforts include the Qaumi Waqf Board Taraqqiati Scheme (QWBTS) and Shahari Waqf Sampatti Vikas Yojana (SWSVY), which focus on computerization and commercial development of waqf properties. From 2019-20 to 2023-24, ₹23.87 crore and ₹7.16 crore were spent under QWBTS and SWSVY respectively.

    Promoting Indigenous Arts and Entrepreneurship

    The Ministry also organizes Lok Samvardhan Parv, a cultural event to showcase minority arts and crafts while fostering entrepreneurship. Three editions have been held—in July 2024 at Dilli Haat, January 2025 at Baba Kharak Singh Marg, and April 2025 at Kashmir University in Srinagar. These events feature workshops on design, marketing, GST, and digital commerce in partnership with the Export Promotion Council for Handicrafts (EPCH).

  • Putin tells Iranian foreign minister there was no justification for US attack

    Source: Government of India

    Source: Government of India (4)

    Russian President Vladimir Putin told Iran’s foreign minister on Monday there was no justification for the U.S. bombing of his country and that Moscow was trying to help the Iranian people.

    Putin hosted Iranian Foreign Minister Abbas Araqchi in Moscow two days after U.S. President Donald Trump sent U.S. bomber planes to strike Iran’s three main nuclear sites.

    “The absolutely unprovoked aggression against Iran has no basis and no justification,” Putin told Araqchi in televised comments.

    “For our part, we are making efforts to assist the Iranian people,” he added.

    “I am very glad that you are in Moscow today, this will give us the opportunity to discuss all these pressing issues and think together about how we could get out of today’s situation.”

    Araqchi told Putin that Iran was conducting legitimate self-defence, and thanked Russia for condemning the U.S. actions. He conveyed best wishes to Putin from Iran’s supreme leader and president.

    “Russia is today on the right side of history and international law,” said Araqchi.

    It was unclear, however, what Russia might do to support Iran, an important ally with which Putin signed a strategic cooperation treaty in January. That agreement did not include a mutual defence clause.

    Before Saturday’s U.S. strikes, Moscow had warned that U.S. military intervention could destabilise the entire region and plunge it into the “abyss”.

    Asked what Russia was ready to do to help Tehran, Kremlin spokesman Dmitry Peskov said: “It all depends on what Iran needs”. He said the fact that Moscow had offered to mediate in the crisis was itself a form of support.

    Peskov condemned the U.S. attacks.

    “An increase in the number of participants in this conflict is happening – or rather, has happened. A new spiral of escalation of tension in the region,” Peskov told reporters.

    “And, of course, we condemn this and express regret in this regard, deep regret. In addition, of course, it remains to be seen what happened to (Iran’s) nuclear facilities, whether there is a radiation hazard.”

    Peskov said Trump had not told Putin in detail about the planned strikes in advance.

    “There was no detailed information. The topic of Iran itself was repeatedly discussed by the presidents during their most recent conversations, certain proposals were voiced by Russia, but there was no direct detailed information about this,” he said.

    (Reuters)

  • Succession plans for Iran’s Khamenei hit top gear

    Source: Government of India

    Source: Government of India (4)

    The clock’s ticking for senior clerics seeking a successor to Iran’s Supreme Leader Ayatollah Ali Khamenei.

    A three-man committee from a top clerical body, appointed by Khamenei himself two years ago to identify his replacement, has accelerated its planning in recent days since Israel attacked Iran and threatened to assassinate the veteran leader, five insiders with knowledge of the discussions told Reuters.

    Khamenei, 86, is being regularly briefed on the talks, according to the Iranian sources who requested anonymity to discuss highly sensitive matters. He has gone into hiding with his family and is being guarded by the Vali-ye Amr special forces unit of the Revolutionary Guards, a top security official said.

    The ruling establishment will immediately seek to name a successor to Khamenei if he is killed, to signal stability and continuity, according to the sources who acknowledged that predicting Iran’s subsequent political trajectory was difficult.

    A new leader will still be chosen for his devotion to the revolutionary precepts of the Islamic Republic’s late founder Ayatollah Ruhollah Khomeini, according to one insider, who is close to Khamenei’s office and privy to succession discussions.

    At the same time, the top echelon of power is also considering which candidate might present a more moderate face to ward off foreign attacks and internal revolts, the person said.

    Two frontrunners have emerged in the succession discussions, the five insiders said: Khamenei’s 56-year-old son Mojtaba, long seen as a continuity choice, and a new contender, Hassan Khomeini, grandson of the father of the Islamic revolution.

    Khomeini, a close ally of the reformist faction that favours the easing of social and political restrictions, nonetheless commands respect among senior clerics and the Revolutionary Guards because of his lineage, the sources added.

    “I once again humbly express that this small and insignificant servant of the Iranian people stands ready to proudly be present on any front or scene you deem necessary,” the 53-year-old said in a public message of support to the supreme leader on Saturday, hours before the U.S. bombed Iran’s nuclear facilities.

    Khomeini has come into the frame as a serious candidate this month amid the conflict with Israel and America because he could represent a more conciliatory choice internationally and domestically than Mojtaba Khamenei, the five people said.

    By contrast, Khamenei hews closely to his father’s hardline policies, according to the insiders who cautioned that nothing had been determined, candidates could change and the supreme leader would have the final say.

    However, with the military conflict continuing, it remains unclear whether any new leader could be chosen easily or installed securely or if he could assume the level of authority enjoyed by Khamenei, they added.

    Israeli strikes have also killed several of Iran’s top Revolutionary Guards commanders, potentially complicating a handover of power as the elite military force has long played a central role in enforcing the supreme leader’s rule.

    Khamenei’s office and the Assembly of Experts, the clerical body from which the succession committee was drawn, were not available to comment.

    TRUMP: KHAMENEI IS EASY TARGET

    Planning for an eventual handover was already in the works because of Khamenei’s age and the longstanding health concerns of a leader who has dominated all aspects of Iranian politics for decades, the sources said.

    The urgency of the task was underlined in September when Israel killed Hezbollah leader Sayyed Hassan Nasrallah, a close ally of Khamenei’s, and the planning accelerated significantly this month following the Israeli attacks on nuclear sites, which were followed by the American attacks at the weekend.

    “We know exactly where the so-called ‘Supreme Leader’ is hiding,” U.S. President Trump warned on social media last week, calling for Tehran’s unconditional surrender. “He is an easy target.”

    Khamenei hasn’t publicly expressed any preference for his successor. The sources said he had repeatedly opposed the idea of his son taking over, in succession discussions in the past, concerned about any suggestion of Iran returning to the kind of hereditary rule that ended with the ousting of the shah in 1979.

    The role of Supreme Leader was created after the revolution and then enshrined in the constitution giving a top cleric ultimate authority in guiding the elected president and parliament.

    Officially, the leader is named by the Assembly of Experts, made up of 88 senior clerics who are chosen through a national election in which a hardline watchdog body aligned with Khamenei must approve all the candidates.

    “Whether the Islamic Republic survives or not, it will be a very different one, because the context in which it has existed has fundamentally changed,” said London-based Iranian political analyst Hossein Rassam, adding that Hassan Khomeini could fit the bill for a leader to take Iran in a new direction.

    “The regime has to opt for someone who’ll facilitate slow transition.”

    Hassan Khomeini’s close links to the reformist faction of Iranian politics, which pursued an ultimately unsuccessful policy of opening Iran to the outside world in the 1990s, saw hardline officials bar him from running as a member of senior clerical body the Assembly of Experts in 2016.

    The succession planners are aware that Khomeini is likely to be more palatable to the Iranian population than a hardliner, the five insiders said. Last year he warned of a “crisis of rising popular dissatisfaction” among Iranians due to poverty and deprivation.

    By contrast, Mojtaba Khamenei’s views echo those of his father on every major topic from cracking down on opponents to taking a hardline with foreign foes, the sources said – qualities they saw as hazardous with Iran under attack.

    A mid-ranking cleric who teaches theology at a religious seminary in the city Qom, the centre of Iranian religious life, Mojtaba has never held a formal position the Islamic Republic, though exercises influence behind the scenes as the gatekeeper to his father, according to Iran watchers.

    The U.S. Treasury Department imposed sanctions on Mojtaba in 2019, saying he represented the Supreme Leader in “an official capacity despite never being elected or appointed to a government position” aside from working his father’s office.

    OTHER CANDIDATES FALL AWAY

    Several of the candidates long seen as possible successors to Khamenei have already died.

    Former presidents Hashemi Rafsanjani passed away in 2017, former judiciary chief Mahmoud Hashemi Shahroudi died of natural causes in 2018 and former President Ebrahim Raisi was killed in a helicopter crash in 2023. Another senior cleric Sadegh Amoli Larijani, has been sidelined.

    Others, such as the Assembly of Experts member Ayatollah Alireza Arafi, are still in contention but have fallen behind Mojtaba Khamenei and Hassan Khomeini, the five sources said.

    Beyond the most likely candidates, it’s also possible that a less prominent cleric could be chosen as a pawn of Revolutionary Guards, said Ali Vaez, Iran project director at the International Crisis Group think-tank.

    “It is possible that they would put forward a candidate that no one has ever heard of and would not really hold the same levers of power that Ayatollah Khamenei has held now for more than 30 years,” he said.

    The supreme leader’s voice is powerful.

    After the death of the Islamic Republic’s founder Ruhollah Khomeini in 1989, Khamenei was publicly hailed as his predecessor’s choice. Although he had already served as president, Khamenei was only a mid-ranking cleric and was initially dismissed by influential clerics as weak and an unlikely successor to his charismatic predecessor.

    However, he steadily tightened his grip to become Iran’s unquestioned decision-maker, relying on the Revolutionary Guards as he outmanoeuvred rivals and crushed bouts of popular unrest.

    (Reuters)

  • Sensex ends lower in volatile session

    Source: Government of India

    Source: Government of India (4)

    The stock markets started the week on a weak note as tensions escalated in the Middle East, after the United States bombed three nuclear facilities in Iran, showing clear support for Israel in the ongoing conflict.

    The development made investors cautious, leading to a fall in benchmark indices on Monday. The Sensex dropped 511.38 points, or 0.62 per cent, to close at 81,896.79. During the intra-day, it moved between a high of 82,169.67 and a low of 81,476.76.

    Similarly, the Nifty also ended in the red. It fell 140.50 points, or 0.56 per cent, to settle at 24,971.90. The index had touched an intra-high of 25,057 and a low of 24,824.85 during the session.

    Interestingly, broader markets performed better than the frontline indices. The Nifty Midcap100 closed with a gain of 0.36 per cent, while the Smallcap100 rose 0.70 per cent.

    Out of the 30 stocks in the Sensex, HCL Tech, Infosys, Larsen and Toubro, Mahindra and Mahindra, Hindustan Unilever, and ITC were the biggest losers, falling between 2.28 per cent and 1.21 per cent.

    On the other hand, Trent, Bharat Electronics, Bajaj Finance, Kotak Mahindra Bank, and Bajaj Finserv were the top gainers, rising between 3.39 per cent and 0.58 per cent.

    The performance of sectoral indices was mixed as Bank Nifty, Auto, FMCG, and Realty ended in the red while metal, consumer durables, pharma, and media sectors managed to close with gains.

    However, the biggest loser was the Nifty IT index, which declined by 1.48 per cent as stocks like Coforge and Persistent Systems pulled the sector down.

    “Last Friday, markets buildup in anticipation of easing Middle East tensions, following the US announcement of a two-week window to deliberate its involvement in the Israel-Iran conflict,” Vinod Nair of Geojit Investments Limited said.

    “However, the unexpected US airstrike on Iran’s nuclear facilities over the weekend disrupted those expectations, triggering a sharp rise in crude oil prices and leading to consolidation in the domestic equity market,” he added.

    The market’s fear gauge, India VIX, which indicates volatility, rose by 2.74 per cent to 14.05 points.

    The Nifty recovered significantly after a gap-down opening amid weak geopolitical sentiment. A pullback in crude oil prices helped the Indian market pare some of its morning losses, although it still ended on a negative note.

    Meanwhile, the rupee traded weak by 0.11 at 86.75 as the dollar index appreciated toward the 99 mark. “Technically, the rupee remains weak below 86, with the next support seen near 87,” said Jateen Trivedi of LKP Securities.

    (IANS)

  • Union Home Minister Amit Shah to chair 25th meeting of Central Zonal Council in Varanasi

    Source: Government of India

    Source: Government of India (4)

    Union Home Minister and Minister of Cooperation Amit Shah will chair the 25th meeting of the Central Zonal Council on Tuesday, June 24, in Varanasi, Uttar Pradesh. The meeting, organized by the Inter-State Council Secretariat under the Ministry of Home Affairs in collaboration with the Government of Uttar Pradesh, will bring together key policymakers from the central and state governments.

    Chief Ministers of the member states—Chhattisgarh, Madhya Pradesh, Uttarakhand, and Uttar Pradesh—along with two senior ministers from each state, will participate in the meeting. The Chief Secretaries and other senior officials of these states, as well as representatives from central ministries, will also be in attendance.

    The Central Zonal Council is one of the five Zonal Councils established under Sections 15 to 22 of the States Reorganisation Act, 1956. These councils were created to foster cooperation and coordination between states and the Centre. The Union Home Minister serves as the chairperson of all five councils, while the Chief Ministers, Lieutenant Governors, or Administrators of the member states and Union Territories act as members. Each year, the Chief Minister of one member state is appointed vice-chairperson on a rotational basis, and two ministers are nominated by the Governor of each member state.

    To streamline discussions, each Zonal Council has a permanent committee at the level of Chief Secretaries. State-proposed issues are first examined by this committee before being brought to the full council meeting for further deliberation.

    Under the leadership of Prime Minister Narendra Modi, Zonal Councils have evolved from purely advisory bodies into key forums for dialogue and cooperation. The Prime Minister has consistently emphasized the importance of both cooperative and competitive federalism in driving the all-round development of the nation. These councils have thus become effective platforms for discussing and resolving inter-state and Centre-state issues.

    In the past eleven years, 61 meetings of the various Zonal Councils and their permanent committees have been held, reflecting growing cooperation among state governments and central departments.

    The councils have also addressed matters of national importance, such as ensuring the swift investigation and resolution of sexual offense cases against women and children, including the implementation of Fast Track Special Courts (FTSC). Other key issues include expanding access to banking services in every village, the rollout of the Emergency Response Support System (ERSS-112), and regional priorities like improving nutrition, health, education, electricity access, urban planning, and strengthening the cooperative sector.

  • Union Home Minister Amit Shah to chair 25th meeting of Central Zonal Council in Varanasi

    Source: Government of India

    Source: Government of India (4)

    Union Home Minister and Minister of Cooperation Amit Shah will chair the 25th meeting of the Central Zonal Council on Tuesday, June 24, in Varanasi, Uttar Pradesh. The meeting, organized by the Inter-State Council Secretariat under the Ministry of Home Affairs in collaboration with the Government of Uttar Pradesh, will bring together key policymakers from the central and state governments.

    Chief Ministers of the member states—Chhattisgarh, Madhya Pradesh, Uttarakhand, and Uttar Pradesh—along with two senior ministers from each state, will participate in the meeting. The Chief Secretaries and other senior officials of these states, as well as representatives from central ministries, will also be in attendance.

    The Central Zonal Council is one of the five Zonal Councils established under Sections 15 to 22 of the States Reorganisation Act, 1956. These councils were created to foster cooperation and coordination between states and the Centre. The Union Home Minister serves as the chairperson of all five councils, while the Chief Ministers, Lieutenant Governors, or Administrators of the member states and Union Territories act as members. Each year, the Chief Minister of one member state is appointed vice-chairperson on a rotational basis, and two ministers are nominated by the Governor of each member state.

    To streamline discussions, each Zonal Council has a permanent committee at the level of Chief Secretaries. State-proposed issues are first examined by this committee before being brought to the full council meeting for further deliberation.

    Under the leadership of Prime Minister Narendra Modi, Zonal Councils have evolved from purely advisory bodies into key forums for dialogue and cooperation. The Prime Minister has consistently emphasized the importance of both cooperative and competitive federalism in driving the all-round development of the nation. These councils have thus become effective platforms for discussing and resolving inter-state and Centre-state issues.

    In the past eleven years, 61 meetings of the various Zonal Councils and their permanent committees have been held, reflecting growing cooperation among state governments and central departments.

    The councils have also addressed matters of national importance, such as ensuring the swift investigation and resolution of sexual offense cases against women and children, including the implementation of Fast Track Special Courts (FTSC). Other key issues include expanding access to banking services in every village, the rollout of the Emergency Response Support System (ERSS-112), and regional priorities like improving nutrition, health, education, electricity access, urban planning, and strengthening the cooperative sector.

  • PM Modi highlights 11 years of transformative mining reforms

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi on Monday highlighted how the pivotal reforms undertaken over the past eleven years have positioned India’s mining sector as a beacon of cooperative federalism and transparent governance.

    Responding to an article shared by Union Minister G Kishan Reddy, PM Modi said on X: “Union Minister Shri Kishan Reddy writes how reforms in the past 11 years have made cooperative federalism a hallmark of the mining sector, deepening Centre-State cooperation and improving overall governance.”

    In his article, Reddy discusses how the mining sector is silently emerging as a key pillar in the journey towards Viksit Bharat.

    “Over the last 11 years, under the visionary leadership of Hon’ble PM Shri
    Narendra Modi ji, strategic initiatives and legislative reforms, including the National Critical Mineral Mission, and amendments to the Mines and Minerals (Development and Regulation) Act have ensured a transparent and efficient mining sector,” said Reddy on X.

    Hailing the reforms in the mining sector, the Union Minister states that a modern and sustainable mining ecosystem will drive the industries of the future and firmly position India on the global economic map as it progresses towards its goal of Viksit Bharat.

  • President Murmu attends National Students’ Convocation of ICMAI in New Delhi

    Source: Government of India

    Source: Government of India (4)

    President Droupadi Murmu, on Monday, graced the National Students’ Convocation of the Institute of Cost Accountants of India (ICMAI) in New Delhi, where she underlined the importance of cost and management accountants in shaping India’s economic and sustainable future.

    In her address, the President said that accountants have traditionally enjoyed high regard in society owing to their intrinsic link to accountability. “Throughout our history, accountants have enjoyed high esteem in our society. The reason for that is that accounting and accountability are deeply connected. We value accountability; therefore, we attach special significance to accounting,” she said.

    Founded in 1944, the ICMAI has been a pivotal institution in the evolution of India’s post-Independence economy, she said, adding that its work often goes unrecognised in the public sphere but remains vital behind the scenes.

    “The ICMAI was founded in 1944 for the regulation and development of the profession of cost and management accountants in the country. That makes it a witness to the saga of India’s economic transformation after Independence. Not only a witness, in fact, it has been a very crucial player in making the Indian economy one of the strongest in the world today,” she added.

    President Murmu said that cost and management accountants today serve not only in factories, but also in corporate boardrooms. Their expertise, she noted, contributes directly to policymaking and the development of cost-efficient systems for both government and private institutions.

    Highlighting the growing responsibilities of the profession, the President observed that sustainability has become an unavoidable imperative in contemporary corporate life. “The world is facing the crisis of climate change. Sustainability is no longer a slogan; it has become a necessity. That time is over when corporate organisations worked solely with the profit motive. Now they have to keep the environmental costs in mind. And this is where CMAs, with their skills, can bring about a great change in the future of the planet,” she said.

    Addressing the graduating students, President Murmu urged them to view their careers through the lens of national service and development. “As cost accountants, you are uniquely positioned to contribute to India’s transformation into a Viksit Bharat by 2047,” she said.