Top 10 Most Important Topics — September 2025
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56th GST Council: Rate Rationalisation — 4-tier Collapses to 2-slab; Insurance GST-Exempt
PIB · Ministry of Finance · 5%+18%+40% demerit · Effective Sep 22 · GSTAT operationalised
GS3 · EconomyHIGH - 2
SC Stays Waqf (Amendment) Act 2025: 5-Year Islam Provision, Govt Property as Waqf, Non-Muslim Membership
SC Civil Appeal No. 276/2025 · Sep 15 · Articles 14, 25, 26, 29 · Minority rights
GS2 · PolityHIGH - 3
Draft Civil Drone (Promotion and Regulation) Bill 2025: DGCA Registration, Airspace Zones, Motor Tribunal Liability
MCA · Sep 16 · UAS ≤500 kg · Red/Yellow/Green zones · Emergency seizure powers
GS3 · Sci-TechHIGH - 4
National Policy on Geothermal Energy Notified
MoNRE · Sep 15 · Single-window · Abandoned oil wells · 30-year site leases · 100% FDI
GS3 · EnergyHIGH - 5
Shipbuilding Package — ₹69,725 Crore; Maritime Development Fund ₹25,000 Cr; 30 Lakh Jobs
Cabinet · Sep 24 · SBFAS extended to 2036 · Shipbuilding Dev Scheme ₹19,989 Cr
GS3 · EconomyHIGH - 6
SEBI SWAGAT-FI Framework: Single-Window Registration for Trusted Foreign Investors
SEBI Board · Sep 12 · SWFs, central banks, multilateral agencies · 6-month implementation
GS3 · FinanceMEDIUM - 7
Critical Minerals Recycling Scheme — ₹1,500 Crore Over 6 Years
Cabinet · Sep 3 · E-waste, Li-ion scrap, EOL vehicles · 1/3 reserved for startups
GS3 · EnvironmentMEDIUM - 8
India–Israel Bilateral Investment Agreement Signed
PIB · Sep 8, 2025 · Expropriation safeguards · Independent arbitration · West Asia diplomacy
GS2 · IRMEDIUM - 9
Draft Telecom User Identification Rules 2025: Biometric BIVS, SIM Transfer Restricted
DoT · Sep 12 · Mandatory Aadhaar auth · BIVS shared across telecom entities · Comments: Oct 19
GS3 · Sci-TechMEDIUM - 10
RBI Balance of Payments Q1 2025-26: CAD Narrows to 0.2% of GDP; Forex Reserves +$4.5 bn
RBI · Sep 30 · CAD $2.4 bn · Capital account +$7.7 bn · Trade deficit $68.5 bn
GS3 · EconomyMEDIUM
📊 Key Data Points — September 2025
Economy & Finance
GS3 · 3 Topics56th GST Council: Four-Tier Rate Structure Rationalised to Two Slabs (5% & 18%); All Insurance Policies GST-Exempt; Effective September 22, 2025
The 56th GST Council meeting (New Delhi, September 3, 2025) approved the most consequential restructuring of India's GST since its July 2017 launch. The existing four-tier structure (5%, 12%, 18%, 28%) was collapsed into two primary rates: 5% (essential goods) and 18% (standard rate), with a 40% demerit rate replacing the earlier 28% slab for sin goods and luxury items. Key rate reductions were approved on consumer non-durables (shampoos, soaps, toothbrushes), consumer durables (TVs, ACs, small cars, motorcycles), medicines and medical equipment, and renewable energy devices. All individual life and health insurance policies were fully exempted from GST — addressing a major policy demand. Risk-based provisional GST refunds for inverted duty structures were approved. GST registration simplified for small and low-risk businesses. The GST Appellate Tribunal (GSTAT) was confirmed for operationalisation by end of September 2025. All changes became effective September 22, 2025.
Prelims MCQ
After the 56th GST Council's rate rationalisation (September 2025), the new demerit/sin goods GST rate applicable to luxury items is: (a) 28% (b) 35% (c) 40% (d) 45%
Answer: (c) 40% — The 28% slab has been replaced by a 40% demerit rate for select luxury/sin goods
Mains 15 Marker (GS3)
The 56th GST Council's rate rationalisation represents India's most significant indirect tax reform since 2017. Critically evaluate whether the shift to a two-rate GST structure will achieve its objectives of simplification, revenue neutrality, and fairness, with special reference to the treatment of essential goods, insurance, and the inverted duty structure problem.
GS Paper 3 · 15 Marks · 250 Words
📚 Static NCERT Linkage
NCERT Class 12 Economics — Government Budget; Indirect Taxes; Article 279A (GST Council); 101st Constitutional Amendment Act 2016; CGST Act 2017; Destination-based consumption tax principle; cooperative federalism. GST Council composition, voting thresholds, Mohit Minerals SC ruling (2022).
SEBI SWAGAT-FI Unified Registration Framework Approved; RBI BoP Q1 2025-26: CAD Narrows Sharply to 0.2% of GDP
SEBI's September 12 board meeting approved two significant capital market reforms: (1) SWAGAT-FI (Single Window Automatic and Generalised Access for Trusted Foreign Investors) — a unified registration framework for central banks, sovereign wealth funds, multilateral agencies, and certain Public Retail Funds, enabling access across multiple investment routes with minimised compliance duplication. Implementation within 6 months. (2) Revised MPO (Minimum Public Offer) and MPS (Minimum Public Shareholding) thresholds — large company IPOs will have lowered MPO requirements; MPS compliance timeline extended from 5 to 10 years for some large-cap companies. The 35% retail quota in IPOs remains unchanged. Separately, RBI's September 30 release confirmed India's Current Account Deficit narrowed sharply to USD 2.4 billion (0.2% of GDP) in Q1 2025-26, down from USD 8.6 billion (0.9%) in Q1 2024-25. Capital account recorded a net inflow of USD 7.7 billion, a strong turnaround from the USD 5.4 billion outflow in Q4 2024-25.
Prelims MCQ
The SEBI SWAGAT-FI framework (September 2025) provides unified registration to which of the following? 1. Central Banks 2. Sovereign Wealth Funds 3. Multilateral Development Agencies 4. Foreign Retail Individual Investors. Select the correct answer: (a) 1, 2 and 3 only (b) 1 and 2 only (c) 2, 3 and 4 only (d) 1, 2, 3 and 4
Answer: (a) 1, 2 and 3 only — Individual retail foreign investors are not included; it covers "trusted" institutional investors only
📚 Static NCERT Linkage
NCERT Class 12 Macroeconomics — Balance of Payments; Current Account (trade + services + transfers), Capital Account (FDI, FPI, ECB). GS3 UPSC: SEBI, FPI regulations, capital account convertibility, India's BoP management, forex reserves. FEMA 1999 linkage.
Critical Minerals Recycling Scheme Approved — ₹1,500 Crore; E-Waste, Li-Ion Battery Scrap, EOL Vehicle Catalysts; One-Third Reserved for Startups
The Union Cabinet approved the Incentive Scheme for Promotion of Critical Minerals Recycling under the National Critical Mineral Mission (September 3, 2025). Total financial outlay: ₹1,500 crore over 6 years (FY2025-26 to FY2030-31). One-third of the outlay is reserved for startups. Eligible feedstock: e-waste, lithium-ion battery scrap, and other scrap such as catalytic converters from end-of-life (EOL) vehicles. Eligibility conditions: recycling facilities must be authorised by Central or State Pollution Control Boards and registered under applicable Extended Producer Responsibility (EPR) Rules. Incentive structure: 20% capital expenditure subsidy on plant, machinery, equipment, and utilities; operational expenditure subsidy on incremental sales over base year (40% paid in Year 2, 60% in Year 5 upon reaching threshold sales). Incentive cap: ₹50 crore for large entities, ₹25 crore for small entities. The scheme targets the recycling of cobalt, lithium, nickel, graphite, and rare earth elements from domestic waste streams.
Prelims MCQ
Under the Critical Minerals Recycling Scheme (September 2025), which of the following is an eligible feedstock? 1. E-waste 2. Lithium-ion battery scrap 3. Coal fly ash 4. Catalytic converters from end-of-life vehicles. Select the correct answer: (a) 1 and 2 only (b) 1, 2 and 4 only (c) 2, 3 and 4 only (d) 1, 2, 3 and 4
Answer: (b) 1, 2 and 4 only — Coal fly ash is not a critical mineral feedstock under this scheme
📚 Static NCERT Linkage
NCERT Class 12 Physics — Semiconductors; GS3: Critical minerals, circular economy, e-waste management, Battery Waste Management Rules 2022, E-Waste Management Rules 2016, Extended Producer Responsibility, National Critical Mineral Mission 2025, KABIL. SDG 12 (Responsible Consumption and Production).
Governance & Constitution
GS2 · 2 TopicsSC Interim Stay on Waqf (Amendment) Act 2025: Five-Year Islam Practice Provision, Government Property Inquiry, and Non-Muslim Council Representation Stayed
A two-judge bench of the Supreme Court (Civil Appeal No. 276 of 2025, September 15, 2025) granted an interim order staying three specific provisions of the Waqf (Amendment) Act, 2025, while rejecting a prayer for a complete stay. The Court's key directions: (1) Declaration of waqf — the amendment's requirement that only a person practicing Islam for at least 5 years may declare a waqf was stayed pending framing of state rules to verify the practice period. In the absence of any procedure, this provision cannot take effect. (2) Government property as waqf — the provision that a government property identified as waqf shall cease to be waqf until an inquiry officer submits a report was stayed as "arbitrary." (3) Non-Muslim membership in Waqf Council — the Court directed that the Central Waqf Council should not have more than 4 non-Muslim members out of 22, and Waqf Boards should not have more than 3 non-Muslim members out of 11. Additionally, the Court recommended that the CEO of Waqf Boards be appointed from the Muslim community.
Prelims MCQ
The Supreme Court's interim order on the Waqf (Amendment) Act 2025 (September 2025) included which of the following directions? 1. Complete stay on the Act 2. Stay on the provision requiring 5 years of Islamic practice to declare waqf 3. Cap of 4 non-Muslim members on the 22-member Central Waqf Council 4. Suspension of all Waqf Board elections. Select the correct answer: (a) 1 and 4 only (b) 2 and 3 only (c) 1, 2 and 3 only (d) 2, 3 and 4 only
Answer: (b) 2 and 3 only — The Court rejected complete stay; there were no election suspension orders
Mains 15 Marker (GS2)
The Supreme Court's interim stay on provisions of the Waqf (Amendment) Act, 2025 raises fundamental constitutional questions about State intervention in minority religious affairs. Critically examine the constitutional provisions governing minority rights in India and evaluate whether the Waqf Amendment's key provisions are consistent with Articles 25, 26, and 14 of the Constitution.
GS Paper 2 · 15 Marks · 250 Words
📚 Static NCERT Linkage
NCERT Pol. Sci. Class 11 — Rights in Indian Constitution; Articles 14, 25, 26, 29, 30; Waqf Act 1995; Waqf (Amendment) Act 2013; Central Waqf Council; Sachar Committee Report 2006. GS2: Minority rights, judicial review, religious denominational rights. TMA Pai (2002), SP Mittal (1983) on religion.
SC Directs ECI to Accept Aadhaar as Proof of Identity in Bihar Special Intensive Revision of Voter List; Section 23(4) RPA 1950 Applied
A two-judge Supreme Court bench (September 8, 2025) directed the Election Commission of India (ECI) to accept Aadhaar Card as a proof of identity in the Special Intensive Revision (SIR) of Bihar's electoral roll. The SIR exercise was initiated to ensure all eligible citizens are enrolled. The Court held that under Section 23(4) of the Representation of the People Act, 1950, Aadhaar is one of the enumerated documents for identification. However, the Court clarified that authorities can seek further proof to verify Aadhaar's authenticity. This ruling resolves a practical dispute where ECI's SIR guidelines had not explicitly included Aadhaar — given that millions of Bihar residents lack other standard ID documents, the exclusion risked disenfranchisement.
Prelims MCQ
Under which provision of the Representation of the People Act, 1950 was the Supreme Court's September 2025 direction on Aadhaar as identity proof for Bihar voter rolls grounded? (a) Section 16 (b) Section 19 (c) Section 23(4) (d) Section 62
Answer: (c) Section 23(4) — this provision allows Aadhaar linkage to electoral rolls as a voluntary identification measure
📚 Static NCERT Linkage
NCERT Pol. Sci. Class 11 — Elections; Representation of People Act 1950 & 1951; Article 326 (universal adult suffrage); ECI as constitutional body (Article 324); Aadhaar Act 2016. GS2: Electoral reforms, voter registration, franchise, ECI powers, Election Laws Amendment Act 2021.
Science, Tech & Telecom
GS3 · 2 TopicsDraft Civil Drone (Promotion and Regulation) Bill 2025: DGCA Registration Mandatory for All UAS ≤500 kg; Red-Yellow-Green Airspace Zones; Motor Tribunal Liability Framework
The Ministry of Civil Aviation released the draft Civil Drone (Promotion and Regulation) Bill, 2025 for public feedback (September 16, 2025). The Bill seeks to replace the existing Unmanned Aircraft Systems Rules, 2021. Key features: (1) Regulation — All UAS up to 500 kg must register with DGCA; assembly/manufacturing requires DGCA certificate; mandatory safety and security features as specified by central government. (2) Airspace — Central government publishes an airspace map dividing space into red (restricted, needs central government permission), yellow (needs ATC permission), and green (no mandatory permissions). State governments and central agencies can notify red zones; temporary red zones can be declared. (3) Liability — UAS operation requires third-party insurance; claims adjudicated by Motor Accident Claims Tribunals; appeals to High Courts. (4) Emergency — Government can cancel/suspend certificates, prohibit UAS operations, and direct delivery of UAS for public service in interests of security and sovereignty.
Prelims MCQ
Under the Draft Civil Drone (Promotion and Regulation) Bill, 2025, which type of airspace zone requires permission from the concerned Air Traffic Control authority? (a) Red Zone (b) Yellow Zone (c) Green Zone (d) Blue Zone
Answer: (b) Yellow Zone — Red zone needs central government permission; Green zone has no mandatory permissions; Blue zone is not a category in the Bill
Mains 10 Marker (GS3)
The Draft Civil Drone (Promotion and Regulation) Bill 2025 marks a transition from rules-based to legislation-based governance of civilian unmanned aircraft systems in India. Examine the key features of the proposed framework and its implications for India's ambition to become a global drone hub by 2030.
GS Paper 3 · 10 Marks · 150 Words
📚 Static NCERT Linkage
GS3: UAS technology, India's drone ecosystem (PLI Drone Scheme 2022), DGCA, Drone Policy 2.0, precision agriculture, Kisan Drone Yojana; Aircraft Act 1934; ICAO standards; national airspace management. Articles 19(1)(g) for commercial drone operators.
Draft Telecom User Identification Rules 2025: Mandatory Biometric BIVS, SIM Transfer Restricted to Blood Relatives; Interception Amendment Adds Union Home Secretary Powers
The Department of Telecommunications released two key instruments in September 2025. (1) Draft Telecommunications (User Identification) Rules, 2025 (September 12) — creates a biometric identification framework for all telecom users. New subscribers must complete Aadhaar authentication; non-Aadhaar users undergo digital KYC with live photograph. Every authorised telecom entity must individually or collectively create and maintain a Biometric Identity Verification System (BIVS) — stored photographs/biometrics shared across authorised telecom entities for real-time verification. SIM transfers permitted only to blood relatives or legal heirs, subject to re-verification. Comments invited until October 19. (2) Telecom (Procedures and Safeguards for Lawful Interception of Messages) Amendment Rules, 2025 — adds that the Union Home Secretary may issue interception orders for requests made by state governments beyond their territorial jurisdiction, upon request by the state home secretary. Also reduces nodal officer requirement from two to "one or more."
Prelims MCQ
Under the Draft Telecommunications (User Identification) Rules, 2025, the Biometric Identity Verification System (BIVS) will: (a) Be maintained solely by UIDAI (b) Be shared across all authorised telecom entities for real-time verification (c) Store data exclusively with the Department of Telecommunications (d) Apply only to new subscribers from 2026
Answer: (b) Maintained by each telecom entity individually or collectively; shared across authorised entities for real-time verification
📚 Static NCERT Linkage
Telecommunications Act 2023; Article 21 (right to privacy — Puttaswamy 2017); GS3: Digital identity, cybersecurity, SIM fraud; GS2: Surveillance law, proportionality principle, rights-regulation balance; Union List Entry 31 (telegraphs, telephones); DPDP Act 2023 interface with BIVS data.
Environment & Energy
GS3 · 2 TopicsNational Policy on Geothermal Energy Notified: Abandoned Oil/Gas Wells to Plants, Single-Window Clearances, 30-Year Site Leases, 100% FDI
The Ministry of New and Renewable Energy (MoNRE) notified India's first National Policy on Geothermal Energy (September 15, 2025). The policy promotes exploration, development, and utilisation of geothermal energy for power generation AND direct-use applications (ground source heat pumps, cold storage, district heating). Key features: MoNRE will prioritise conversion of abandoned oil, gas, and mineral wells into geothermal plants through joint ventures with oil/gas/mineral companies. State governments will designate nodal agencies for single-window clearances and land leases. Sites allocated for exploration: 3 years + 2-year extension; additional 2-year extension for high-altitude areas. Sites for development: up to 30 years. Financial support: central government will explore concessional loans, import duty exemptions on geothermal equipment, and property tax exemptions for geothermal users. MoNRE's R&T Development Programme already funds geothermal research. 100% FDI is permitted (as in all renewables). Centres of Excellence for Geothermal Energy to be established for technology support and international collaboration.
Prelims MCQ
With reference to the National Policy on Geothermal Energy (September 2025), consider the following statements: 1. Sites may be allocated for geothermal development for up to 30 years. 2. The policy prioritises conversion of abandoned coal mines into geothermal plants. 3. Geothermal energy has both power generation and direct-use applications. Which of the above statements is/are correct? (a) 1 and 3 only (b) 2 and 3 only (c) 1 only (d) 1, 2 and 3
Answer: (a) 1 and 3 only — Statement 2 is wrong; the policy prioritises abandoned OIL and GAS wells, not coal mines
Mains 10 Marker (GS3)
India's first National Policy on Geothermal Energy (2025) represents a strategic move to harness baseload renewable energy. Discuss the potential of geothermal energy in India's energy transition, its applications beyond electricity generation, and the key challenges that this policy seeks to address.
GS Paper 3 · 10 Marks · 150 Words
📚 Static NCERT Linkage
NCERT Class 10 Geography — Resources and Development (energy resources); NCERT Class 8 Geography — Land, Soil, Water, Natural Vegetation, Wildlife; GS3: Non-conventional energy, India's renewable energy targets (500 GW by 2030), National Action Plan on Climate Change (NAPCC), National Solar Mission. SDG 7 (Affordable and Clean Energy).
⚡ Energy & Resource Policy Tracker — September 2025
Electricity (Amendment) Rules 2025
Energy Storage Systems — Expanded Ownership
MoP notified Electricity (Amendment) Rules 2025 (Sep 19): End-use consumers added as eligible ESS owners/operators alongside gencos, transmission/distribution licensees, and independent ESS providers. ESS owners can now also sell energy storage services directly to consumers (not just utilities and Load Despatch Centres). Enables distributed storage model — prosumers, industrial captive users, commercial buildings can invest in ESS for arbitrage and resilience.
Draft OSHWC Code Rules
7 Worker Category Rules Released — Comments by Nov 6
Ministry of Labour released 7 draft rules under the Occupational Safety, Health and Working Conditions (OSHWC) Code 2020 (Sep 22). Categories: Dock Workers, Mine Workers, Motor Transport Workers, Plantation Workers, Beedi Workers, Construction Workers, and Factory Workers. Rules specify employer duties for safe conditions, welfare officers, first aid, crèche, canteen, drinking water, and protection from harmful substances. Comments invited until November 6, 2025.
RBI Monetary Policy Framework Review
Discussion Paper — 4% ± 2% Inflation Target Under Review
RBI released a discussion paper on "Review of Monetary Policy Framework" (comments invited by Sep 18, 2025). The current framework (since 2016): 4% CPI target with 2-6% band. The paper examined: fixed target vs range-based targeting (4-6%, 3-6%); headline vs core inflation as target measure; appropriateness of tolerance band. Key finding: headline inflation remained within band 75% of time in First Review Period, 67% in Second Period. RBI noted range targeting may weaken credibility.
India–Australia Organic Products MRA
Under India-Australia ECTA — Sep 24, 2025
India and Australia signed a Mutual Recognition Arrangement (MRA) for organic products under the India-Australia Economic Cooperation and Trade Agreement (ECTA). Covered: unprocessed plant products, processed food of plant origin, and organic wine. Both countries will recognise each other's organic standards and certification systems. India's organic exports to Australia: USD 8.96 million in FY2024-25. Promotes certified organic agriculture — key for India's farmers in Sikkim (100% organic) and NE states.
International Relations
GS2 · 1 TopicIndia–Israel Bilateral Investment Agreement Signed (September 8): Expropriation Safeguards, Transparency, Independent Arbitration for Investor Disputes
India and Israel signed a Bilateral Investment Agreement (BIA) in New Delhi on September 8, 2025. Unlike a Free Trade Agreement, a BIA specifically governs cross-border investment flows rather than goods/services trade. Key provisions: (1) Safeguards against expropriation — investments cannot be nationalised/expropriated without due process, prompt compensation at fair market value, and non-discriminatory treatment. (2) Transparency — investors entitled to clear, publicly available information about laws governing their investments. (3) Smooth transfers — free repatriation of profits, dividends, interest, and capital (subject to laws on taxation, bankruptcy, and securities). (4) Compensation for losses — investments affected by war, civil strife, or emergency situations eligible for compensation or restitution. (5) Independent dispute resolution — investor-state disputes through independent international arbitration. Note: India-Israel FTA (goods/services/investment) Terms of Reference were signed separately in November 2025. The September BIA covers only investment protection.
Prelims MCQ
A Bilateral Investment Agreement (BIA) primarily covers: (a) Exchange of goods and services between two countries (b) Protection of cross-border investments from expropriation, unfair treatment, and provides dispute settlement (c) Military cooperation and joint exercises between two countries (d) Double taxation avoidance arrangements
Answer: (b) BIA/BIT covers investment protection; FTAs cover trade in goods/services; DTAAs cover double taxation; defence agreements cover military cooperation
📚 Static NCERT Linkage
NCERT Pol. Sci. Class 12 — India's Foreign Policy; GS2: West Asia policy, I2U2 Group, India's BIT program, ISDS, Model BIT 2016; GS3: FDI policy, FEMA 1999, investment treaties. Abraham Accords (2020) context for India-Israel-UAE triangle.
Infrastructure & Maritime
GS3 · September 2025Comprehensive Shipbuilding Package — ₹69,725 Crore: Maritime Development Fund ₹25,000 Cr, SBFAS Extended to 2036, Shipbuilding Development Scheme ₹19,989 Cr; 4.5 mn GT Capacity Target
The Union Cabinet approved a multi-pillar shipbuilding and maritime package (September 24, 2025) with a combined financial outlay of ₹69,725 crore. Four pillars: (1) Shipbuilding Financial Assistance Scheme (SBFAS) — approved in 2015, extended to March 31, 2036; outlay ₹24,736 crore; provides financial assistance to Indian shipyards to bridge the cost gap with international competitors. (2) Maritime Development Fund (MDF) — ₹25,000 crore (investment fund ₹20,000 Cr + interest incentivisation fund ₹5,000 Cr to reduce cost of debt); provides long-term financing to the sector. (3) Shipbuilding Development Scheme — ₹19,989 crore; supports mega shipbuilding clusters, infrastructure expansion, and provides insurance. The package targets: expanding domestic shipbuilding capacity to 4.5 million gross tonnage (GT) per annum, attracting investments of ₹4.5 lakh crore in the maritime sector, and generating 30 lakh employment opportunities.
Prelims MCQ
The Maritime Development Fund approved in September 2025 consists of: (a) Only an investment fund of ₹25,000 crore (b) An investment fund of ₹20,000 crore and an interest incentivisation fund of ₹5,000 crore (c) Shipping infrastructure fund ₹15,000 crore and a startup fund ₹10,000 crore (d) A Green Shipping Fund of ₹25,000 crore
Answer: (b) Investment fund ₹20,000 Cr + Interest incentivisation fund ₹5,000 Cr = total ₹25,000 Cr
📚 Static NCERT Linkage
GS3: Blue Economy, SAGARMALA, Maritime India Vision 2030, India's coastline (7,516 km), major ports, EEZ (2 million sq km), UNCLOS. GS2: India's maritime diplomacy, IORA (Indian Ocean Rim Association), BIMSTEC. PLI scheme comparison for shipbuilding.
September 2025 — Policy & Legislative Tracker
📌 Draft Bills & Rules Released for Comments
Draft Civil Drone Bill 2025 (Sep 16) — DGCA registration, airspace zones; comments open
7 Draft OSHWC Code Rules (Sep 22) — Dock, Mine, Motor, Plantation, Beedi, Construction, Factory workers; comments by Nov 6, 2025
Draft Telecom User Identification Rules 2025 (Sep 12) — Biometric BIVS; comments by Oct 19, 2025
Draft Indian Statistical Institute Bill 2025 (Sep 25) — replaces ISI Act 1959; Board of Governance; comments by Oct 24, 2025
✅ Cabinet Approvals & Notifications
Critical Minerals Recycling Scheme — ₹1,500 Cr; 6 years; e-waste, Li-ion scrap
Shipbuilding Package — ₹69,725 Cr; MDF, SBFAS, SDS; 30 lakh jobs
Medical College Expansion (Phase 3) — ₹15,035 Cr; 5,023 UG + 5,000 PG seats by 2028-29; ₹1.5 Cr ceiling/seat
Anganwadi-School Co-location Guidelines — two models (physical + mapped); NEP 2020 implementation
💰 RBI & SEBI Updates
SEBI SWAGAT-FI: Unified registration for SWFs, central banks, multilateral agencies; 6-month rollout
SEBI MPO/MPS reform: Large issuers: lowered MPO requirements; MPS compliance: up to 10 years (from 5). 35% retail IPO quota unchanged
SEBI RPT amendments: Material RPT thresholds revised; omnibus approval periods codified
RBI BoP Q1: Released Sep 30; CAD $2.4 bn (0.2% GDP); Capital inflow $7.7 bn; Forex +$4.5 bn
RBI Monetary Policy Framework Review: Discussion paper released; headline vs core target, range vs fixed target examined
🔔 International & Other Developments
India-Israel BIA signed (Sep 8) — Bilateral Investment Agreement; expropriation safeguards, independent arbitration
India-Australia Organic MRA signed (Sep 24) — under ECTA; plant products, processed food, organic wine; mutual certification recognition
Telecom Interception Amendment Rules (Sep 12) — Union Home Secretary can issue cross-territorial state interception orders; nodal officers: 2 → "one or more"
Electricity (Amendment) Rules 2025 (Sep 19) — End-use consumers added as eligible ESS operators; ESS services can be sold to consumers
National Geothermal Energy Policy (Sep 15) — India's first; abandoned wells to plants; single-window; 100% FDI