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03 Nov 2026, 08:01 pm
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CCI approves acquisition of certain equity shareholding in Continuum Green Energy Ltd by Chubu Electric Power Company Netherlands B.V.
The Competition Commission of India (CCI) has approved the acquisition of certain equity shareholding in Continuum Green Energy Limited by Chubu Electric Power Company Netherlands B.V. The proposed combination involves both primary subscription and secondary purchase of equity shares from Continuum Green Energy Holdings Ltd., Singapore. The acquirer is a wholly owned subsidiary of Chubu Electric Power Co., Inc., Japan, engaging in investment and management functions, while the parent company operates in power generation, transmission, and distribution from renewable sources. The target company, Continuum Green Energy Limited, and its subsidiaries are primarily engaged in generating and selling power through renewable sources like wind and solar in India.
CCI approves the acquisition of certain equity share capital in IndiaFirst Life Insurance Co. Ltd. by BNP Paribas Cardif
The Competition Commission of India (CCI) has approved the proposed acquisition of certain equity share capital in IndiaFirst Life Insurance Company Limited by BNP Paribas Cardif. The acquirer, BNP Paribas Cardif, is incorporated in France and is a wholly owned subsidiary of BNP Paribas SA, which offers financial, advisory, banking, investment, and protection services globally and in India. The target company, IndiaFirst Life Insurance Company Limited, is an IRDAI-licensed insurer incorporated in India that provides life insurance services.
Special Campaign 6
The Ministry of Development of North-Eastern Region (MDoNER) and its organisations are undertaking Special Campaign 6, following guidelines from the Department of Administrative Reforms and Public Grievances (DARPG). Scheduled from 05–15 October 2026, the campaign focuses on workplace cleanliness, space optimisation, pendency reduction, and record management. It builds on the achievements of Special Campaign 5.0, which included cleanliness drives, freeing office space, resolving grievances and VIP references, weeding physical and electronic files, and generating revenue through scrap disposal. Special Campaign 6 aims to integrate Swachhata into daily office management for sustainable administrative efficiency.
ASEAN-INDIA MARITIME EXERCISE (AIME-2026) COMMENCES IN SUBIC BAY, PHILIPPINES
The Second Edition of the ASEAN-India Maritime Exercise (AIME-2026) commenced in Subic Bay, Philippines, involving Indian Naval Ships Sahyadri and Kulish alongside maritime forces from ASEAN Member States. Conducted under the theme “Anchored in Trust, United at Sea,” the exercise features a Harbour Phase with professional interactions, cultural activities, and operational synchronisation, followed by a Sea Phase involving coordinated maritime exercises. The exercise aims to improve interoperability, professional understanding, and operational coordination in alignment with India's Act East Policy and the MAHASAGAR vision.
The Ministry of Mines is launching the auction of two offshore mineral blocks in the Andaman Sea region for the grant of a Composite Licence. Conducted under the Offshore Areas Mineral (Development and Regulation) Act, 2002 and the Offshore Areas Mineral (Auction) Rules, 2024, the initiative aims to unlock India's offshore mineral potential, encourage systematic exploration, and attract private sector investment. The blocks contain important minerals like cobalt, nickel, manganese, copper, and rare earth elements, which are vital for clean energy transitions, electric mobility, and strategic industries.
Ministry of New & Renewable Energy completes Preparatory Phase of Special Campaign 6; Implementation Phase to Begin from 2nd October, 2026
The Ministry of New & Renewable Energy (MNRE), along with its Central Public Sector Undertakings (CPSUs) and Autonomous Institutes, has completed the Preparatory Phase of Special Campaign 6. Launched by the Department of Administrative Reforms & Public Grievances (DARPG) to institutionalize Swachhata and minimize pendency, the preparatory phase ran from 15th September to 30th September, 2026. Activities included identifying and disposing of pendencies, reviewing and weeding out physical records, conducting cleanliness drives, and identifying and segregating e-waste. Participating entities include IREDA, SECI, NISE, NIWE, and SSS-NIBE. The Implementation Phase is scheduled from 2nd October to 31st October, 2026.
District Capacity Building and Awareness Programme on Labour Codes Held at Chhatrapati Sambhajinagar, Maharashtra
The Ministry of Labour & Employment, in collaboration with the Labour Department of Maharashtra, organized a District-Level Capacity Building and Awareness Programme titled “Shram Samvad” on Labour Codes at Chhatrapati Sambhajinagar. The event aimed to create awareness among employers, industry stakeholders, HR professionals, and legal experts about the four Labour Codes (which came into force on November 21, 2025) and Central Rules notified on May 8, 2026. Technical sessions covered key provisions, employer compliance obligations, the Pradhan Mantri Viksit Bharat Rozgar Yojana (PMVBRY), and the Pradhan Mantri Shram Yogi Maandhan (PM-SYM) Scheme to facilitate effective implementation and understanding of the new labour law framework.
The Union Cabinet approved the Green Energy Corridor Phase-III (GEC-III) scheme to strengthen the Intra-State Transmission System (InSTS) for evacuating up to 135 GW of renewable energy across States and Union Territories. Additionally, the scheme provides for deploying 50 GWh of Battery Energy Storage Systems (BESS) to ensure grid flexibility and address power intermittency. Scheduled for completion by FY 2032-33, the project has a total outlay of Rs. 1,86,405 crore, including Rs. 54,082 crore in Central Financial Support to keep power costs down. Implementation will involve Tariff Based Competitive Bidding for greenfield projects and Cost Plus Basis for brownfield works, aiming to support India's 900 GW non-fossil capacity target by 2035.
Union Environment Minister Shri Bhupender Yadav launches Guidelines for National Coastal Mission 2.0
Union Minister for Environment, Forest and Climate Change, Shri Bhupender Yadav, launched the Guidelines for the National Coastal Mission (NCM 2.0) in New Delhi. The Central Sector Scheme has an approved outlay of ₹767 crore and will be implemented until 2030-31 across nine coastal States and four Union Territories. The scheme aims to strengthen coastal resilience, support ecosystem restoration, pollution management, biodiversity conservation, sustainable tourism, spatial planning, research, and capacity building to unlock the potential of the blue economy and contribute to Viksit Bharat @2047.
Cabinet approves Minimum Support Prices (MSP) for Rabi Crops for Marketing Season 2027-28
The Cabinet Committee on Economic Affairs (CCEA), chaired by the Prime Minister, has approved the Minimum Support Prices (MSP) for all mandated Rabi crops for the Marketing Season 2027-28. The increases aim to ensure remunerative prices for growers and incentivize crop diversification towards pulses and oilseeds. The highest absolute increase in MSP has been announced for Safflower, followed by Rapeseed & Mustard, Lentil, Barley, Gram, and Wheat. The pricing aligns with the Union Budget announcement of fixing MSP at least 1.5 times the All-India weighted average cost of production, with margins ranging from 50 to 106 percent across different crops. Additionally, the government highlighted comparative procurement figures and MSP amounts paid to farmers across previous decades.
Cabinet approves Minimum Support Prices (MSP) for Rabi Crops for Marketing Season 2027-28
The Cabinet Committee on Economic Affairs has approved the Minimum Support Prices (MSP) for all mandated Rabi crops for the Marketing Season 2027-28 to provide remunerative prices to growers. The highest absolute MSP increase is announced for Safflower (Rs. 675 per quintal), followed by Rapeseed & Mustard (Rs. 413), Lentil (Rs. 390), Barley (Rs. 136), Gram (Rs. 83), and Wheat (Rs. 25). The pricing aligns with the Union Budget 2018-19 announcement to fix MSP at at least 1.5 times the All-India weighted average Cost of Production. Expected margins over production costs range from 50 percent for safflower to 106 percent for wheat. Additionally, the government highlighted comparative procurement figures and MSP amounts paid to farmers between the periods 2004-05 to 2013-14 and 2014-15 to 2025-26.
Total Persons Engaged
The Ministry of Statistics and Programme Implementation (MoSPI) has released the results of the Annual Survey of Industries (ASI) 2024-25, covering the period from April 2024 to March 2025. The survey reports that the registered manufacturing sector comprises 2.67 lakh establishments, exhibiting a growth of 2.64% over the previous year. Key economic parameters recorded positive growth, including a 9.59% increase in Gross Value Added (GVA) to ₹2,694.2 thousand crore, a 7.19% expansion in total persons engaged to 2.10 crore, and an 11.10% expansion in invested capital. The top five industries—basic metals, motor vehicles, chemicals, pharmaceuticals, and food products—contributed over 45% of the total manufacturing GVA, while Tamil Nadu, Maharashtra, Gujarat, Uttar Pradesh, and Haryana emerged as the leading states in manufacturing employment.
Beyond Wastewater: Turning Used Water into a Resource
The government highlights Used Water Management (UWM) under the Swachh Bharat Mission-Urban (SBM-U), focusing on treating wastewater, preventing untreated sewage from entering water bodies, and promoting safe reuse. Under SBM 2.0, projects worth ₹11,785 crore have been approved to build Sewage Treatment Plants (STPs) in small cities, adding 4,900 million litres per day (MLD) of treatment capacity. The initiative is reinforced by the Water Plus certification, ODF++ protocols, and long-term planning by Urban Local Bodies to foster a circular economy. The release details case studies from cities such as Jaipur, Indore, Surat, Navi Mumbai, and Tirupati, showcasing diverse strategies including automated treatment, industrial supply, revenue generation, and municipal reuse.
Cabinet approves Green Energy Corridor Phase-III scheme for Development of Intra-State Transmission System with Battery Energy Storage Systems
The Union Cabinet has approved the Green Energy Corridor Phase-III (GEC-III) scheme, aimed at developing India's Intra-State Transmission System (InSTS) for evacuating up to 135 GW of renewable energy. The scheme includes the deployment of 50 GWh of Battery Energy Storage Systems (BESS) to address grid intermittency and peak-hour demand. Set to be established by FY 2032-33 with a total outlay of Rs. 1,86,405 crore, it features a Central Financial Support of Rs. 54,082 crore to help offset transmission charges and lower power costs. Greenfield projects will be implemented via Tariff Based Competitive Bidding, while State Transmission Utilities act as the overall implementing agency. The initiative supports India's target of 900 GW installed non-fossil capacity by 2035.
NBA to Mark 23rd Foundation Day tomorrow with significant progress in Access and Benefit Sharing
The National Biodiversity Authority (NBA) is marking its 23rd Foundation Day on October 1, 2026, highlighting significant progress in the Access and Benefit Sharing (ABS) mechanism under the Biological Diversity Act, 2002. Since 2008, the NBA has released over Rs. 278 crore through ABS and disbursed more than Rs. 200 crore to over 10,500 Biodiversity Management Committees (BMCs), State Biodiversity Boards (SBBs), Union Territory Biodiversity Councils (UTBCs), forest departments, and research institutions. The funds support biodiversity conservation, community benefits, and local livelihoods. India operates a three-tier institutional architecture for ABS, and the framework incorporates digital e-filing systems, regulatory reforms, and alignment with international commitments like the Nagoya Protocol and the Kunming-Montreal Global Biodiversity Framework.
UNION PUBLIC SERVICE COMMISSION
The Union Public Service Commission (UPSC) marks its completion of one hundred years on October 1, 2026, tracing its institutional origin to the constitution of India's first Public Service Commission on October 1, 1926. The PIB backgrounder outlines the historical evolution from the British-era Indian Civil Service examinations held solely in London to the post-independence constitutional framework under Part XIV (Articles 315–323) of the Constitution of India. It highlights key historical milestones, including the introduction of the statutory Public Service Commission under the 1919 Act, the establishment of the Federal Public Service Commission under the Government of India Act, 1935, and the renaming to UPSC in January 1950. The release also details current functions, scale of operations, modernization efforts like AI-enabled facial authentication, and inclusion measures such as the Pratibha Setu public disclosure scheme.
NEW CORPORATE AVERAGE FUEL ECONOMY (CAFE) NORMS NOTIFIED
The Ministry of Power has notified new Corporate Average Fuel Economy (CAFE) norms for passenger vehicles manufactured or imported for sale in India, effective from 1 April 2027 to 31 March 2032. The framework introduces a tightened fuel-consumption benchmark moving from 3.996 litres/100 km in 2027–28 to 3.3273 litres/100 km in 2031–32, representing an approximate 16.7 percent improvement. The updated norms flatten the target line with a higher reference weight of 1,229 kg and provide flexibility through compliance blocks, credit trading, super credits for electric and hybrid vehicles, and a Carbon Neutrality Factor for alternative fuels like ethanol and biofuels.
SECOND EDITION OF NAVAL COMMANDERS’ CONFERENCE 2026 AT NEW DELHI
The second edition of the Naval Commanders’ Conference 2026 commenced in New Delhi to discuss operational preparedness, maritime security, and future capability development. The conference was addressed by the Raksha Mantri, who highlighted the Indian Navy's strategic role, its position as a First Responder and Preferred Security Partner in the Indian Ocean Region, and its conduct of Operation Urja Suraksha. Discussions among the Chief of the Naval Staff, Chief of the Defence Staff, and Chief of the Army Staff focused on technology absorption, Aatmanirbharta (indigenous capability development), jointness, Tri-Service synergy, and integrated responses to emerging security challenges.
Cabinet approves One Network, Smarter Traffic: Delhi Moves to Real-Time Traffic Management
The Cabinet Committee on Economic Affairs has approved the Intelligent Traffic Management System (ITMS) project for Delhi, implemented by Delhi Police at an estimated cost of Rs. 1,789.52 crore. Covering 42 traffic corridors in three phases over 24 months, the project deploys AI-enabled adaptive traffic signals, automated enforcement, and real-time traffic information systems to improve urban mobility, safety, and traffic management in the National Capital. The initiative aims to address challenges arising from high vehicular growth exceeding road infrastructure expansion by shifting from manual regulation to dynamic, technology-driven traffic management, emergency vehicle prioritization, and integrated command-and-control operations.
This PIB backgrounder highlights the roles of women and transgender changemakers in sanitation and waste management under the Swachhata Hi Seva 2026 campaign, themed "Swachhata Mein Sahbhag; Swachh Bharat, Viksit Bharat." It features local initiatives across various states: women in Loni, Uttar Pradesh, converting cow dung into incense products; a women-led Pink Material Recovery Facility (MRF) and mobile Pink Toilets in Patna, Bihar; community ambassador and self-help groups such as Bhopal's brand ambassadors, Uttarakhand's 'Bainni Sena', and Shillong's 'Meri Maidens of Marton'; and the engagement of transgender self-help groups in operating faecal sludge treatment plants and cesspool vehicles in Odisha.