Inclusive Growth

India is preparing to move beyond E20 fuel by giving tax relief to higher ethanol-petrol blends and creating standards for fuels such as E22, E25, E27 and E30. The move aims to reduce crude-oil import dependence, support farmers and promote cleaner mobility, but it has also raised concerns about vehicle compatibility, mileage, consumer choice and ethanol supply sustainability.

The Supreme Court on March 11, 2026, dismissed the Centre's appeals against judgments from three High Courts—Delhi, Madras, and Kerala—ruling that creamy layer status for Other Backward Classes (OBC) reservations cannot be based only on parental income. This decision came in cases involving UPSC civil services candidates whose parents work in public sector undertakings (PSUs) or private firms, emphasizing that social status and job equivalence must also be considered to avoid unfair treatment among similar OBC groups.

The Securities and Exchange Board of India (SEBI) has introduced a revised framework that lets stock brokers offer services usually handled by other regulators like the Reserve Bank of India (RBI) and the Insurance Regulatory and Development Authority of India (IRDAI). This step is meant to help brokers grow their business by providing more financial services through one platform, while keeping the right regulator in charge of each part.

The Reserve Bank of India (RBI) has proposed new guidelines in a draft circular to speed up the crediting of cross-border inward remittances, mandating same-day credits for payments received during foreign exchange market hours. This initiative addresses delays in fund transfers that currently affect millions of recipients, including Non-Resident Indians (NRIs) and businesses, and aligns with broader efforts to modernize India's payment systems amid record-high remittances of $135.46 billion in FY25.

The Centre is pushing for the Reserve Bank of India (RBI) to oversee two key state-owned institutions—the Employees' Provident Fund Organisation (EPFO) and the Post Office Savings Bank (POSB)—following a Rs 96 crore fraud in POSB and growing concerns over the management of massive social security funds. This move aims to strengthen regulatory controls and improve governance in these critical entities handling trillions in public savings.

The Employees' Provident Fund Organisation (EPFO) has introduced significant reforms to make partial withdrawals easier for its over 30 crore members, as approved in the 238th meeting of the Central Board of Trustees on October 13, 2025. These changes merge complex rules into three simple categories, allow up to 100% withdrawal of eligible balance while requiring a 25% minimum contribution balance, and reduce minimum service periods, aiming to enhance financial flexibility without compromising long-term retirement security.

Prime Minister Narendra Modi addressed the Global Fintech Fest 2025 in Mumbai on October 9, sharing the stage with UK Prime Minister Keir Starmer. He highlighted India's AI Mission as capable of managing data and privacy issues while promoting 'All Inclusive' AI, showcased India's fintech successes like UPI, and announced enhanced UK-India partnerships to boost global fintech cooperation and innovation.

India hosted the World Para Athletics Championships 2025 for the first time in New Delhi from September 27 to October 5, delivering its best-ever performance with 22 medals (6 gold, 9 silver, 7 bronze). This surpassed the previous record of 17 medals from Kobe 2024, showcasing the rising prowess of Indian para athletes amid government support through initiatives like Target Olympic Podium Scheme (TOPS) and increased infrastructure, while serving as a qualifier for the Los Angeles 2028 Paralympics.