REC Limited to merge with Power Finance Corporation, approved by President
The President of India has approved the proposed merger of REC Limited into Power Finance Corporation (PFC). The Ministry of Power conveyed the approval through a letter dated 10 June 2026. Under the plan, REC will be amalgamated with PFC, and upon effectiveness, REC will be dissolved. All assets and liabilities of REC will be transferred to PFC, creating a larger lender dedicated to funding power sector projects. The merger is expected to enhance scale, efficiency, and reach of public-sector financial institutions in the power sector, reducing duplication and improving credit delivery for generation, transmission, and distribution initiatives.
The President of India approved the REC-PFC merger.
Ministry of Power conveyed approval on 10 June 2026.
REC will be amalgamated into Power Finance Corporation; REC to be dissolved.
All assets and liabilities of REC to transfer to PFC.
Aims to improve scale, efficiency, and reach of public-sector power financiers.
Intended to reduce duplication among PSUs in the power finance space.
OSOP initiative for Divyangjan Vishwakarma artisans at major railway stations
The Ministry of Micro, Small and Medium Enterprises is implementing the One Station One Product (OSOP) initiative for Divyangjan Vishwakarma artisans. Under this program, dedicated retail outlets are provided at selected high-footfall railway stations, enabling artisans to showcase and sell products directly to customers. The outlets aim to improve visibility, market access, and income opportunities, fostering financial independence and sustainable livelihoods. The initiative reflects the government’s focus on inclusive growth and socio-economic empowerment, leveraging transport hubs to connect skilled craftspeople with a broad customer base while supporting entrepreneurial activity among Divyangjan Vishwakarma communities.
OSOP implemented for Divyangjan Vishwakarma artisans.
Dedicated retail outlets at selected high-footfall railway stations.
Aims to showcase and sell products directly to customers.
Improves visibility, market access, and income opportunities.
Supports inclusive growth and sustainable livelihoods.
Jun 12, 2026
Centre, Assam and Nagaland ink MoU to restart oil and gas exploration in the Northeast
In a development reported in mid-June 2026, the Centre, along with the states of Assam and Nagaland, signed a historic MoU to facilitate oil and gas exploration and production along the inter-state border. The agreement, signed in New Delhi on 11 June 2026, aims to unlock hydrocarbon resources in the border region, attract investment, and boost jobs and regional growth. It outlines revenue-sharing and implementation guidelines, signaling strong political will for northeast energy development. Attendees included Union Home Minister Amit Shah and state leaders, underscoring the significance of reviving exploration after decades.
Historic MoU signed among Centre, Assam and Nagaland
Aims to restart oil and gas exploration along the inter-state border
Signed in New Delhi on 11 June 2026
Plans include revenue-sharing and implementation guidelines
Signatories included Union Home Minister and state leaders
Centre, Assam and Nagaland sign MoU to boost oil and gas exploration along border
In June 2026, the Centre, along with the governments of Assam and Nagaland, signed a tripartite memorandum of understanding to facilitate exploration and production of crude oil and natural gas along their inter-state border. The agreement focuses on mineral oil operations in boundary areas and is expected to resolve long-pending issues between the states. Officials say the MoU could attract energy investment, create jobs and support economic development in the Northeast. It is framed as a step toward greater energy security for India and a coordinated approach to resource development in the region. Revenue-sharing and implementation guidelines were noted as part of the framework.
Tripartite MoU signed among Centre, Assam and Nagaland
Aims to resume oil and gas exploration along the border areas
Intended to resolve long-pending inter-state issues
Seeks to boost energy investment and Northeast development
Includes revenue-sharing and implementation guidelines
Jun 11, 2026
Madhya Pradesh Withdraws Two-Child Norm for Government Jobs and Service Eligibility
In June 2026, Madhya Pradesh withdrew the two-child norm as a criterion for government job eligibility and continuing service in state rules. The decision eliminates the two-child restriction from the proposed civil services rules, affecting future recruitment and employment criteria for state employees. Officials stated that the change aims to streamline recruitment and reduce administrative constraints. The move aligns with evolving population policy debates in India and may influence similar policy discussions in other states. Critics and supporters alike will monitor how the removal impacts long-term workforce planning and gender dynamics.
Policy change: Removal of two-child norm for government jobs.
Jurisdiction: Madhya Pradesh, June 2026.
Implication: Affects eligibility and recruitment criteria.
Context: Part of broader population policy debates in India.
Outlook: Potential influence on other states.
Jayant Chaudhary Flags Off 14 Indian Workers to Mauritius Under G2G Labour Mobility Framework
Union Minister Jayant Chaudhary flagged off 14 Indian skilled workers to Mauritius under the India–Mauritius G2G Labour Mobility Framework in June 2026. The initiative promotes safe and ethical overseas employment, with structured job pathways and worker protections. The program aims to expand employment opportunities for skilled Indian workers abroad while reinforcing regulatory oversight and standards. Officials emphasized that the framework provides a streamlined process for deployment, pre-departure training, and ongoing support to ensure workers’ safety and rights in destination markets. The move reflects broader efforts to facilitate legal, skilled migration.
Initiative: 14 Indian workers sent to Mauritius under G2G framework.
Policy: India–Mauritius Labour Mobility Framework.
Objective: Safe, ethical overseas employment with protections.
Features: Structured job pathways and pre-departure training.
Context: Part of broader skilled migration programs.
Goa Expands Atal Asra Yojana to Boost ST Housing Support
Goa announced an expansion of the Atal Asra Yojana in June 2026 to provide enhanced housing support to Scheduled Tribe (ST) families. Under the revised scheme, assistance for house construction or reconstruction is raised to Rs. 5 lakhs, and repair assistance increases to Rs. 3 lakhs. The state aims to strengthen housing security and uplift living standards for ST households. Officials highlighted that the updated caps will accelerate housing projects and reduce financial barriers for eligible families. The expansion aligns with broader SE development goals and targeted welfare measures for vulnerable communities in the state.
Scheme: Atal Asra Yojana expansion in Goa.
Beneficiaries: Scheduled Tribe families.
Financial uplift: Construction/reconstruction assistance up to Rs 5 lakhs.
Repair assistance: Up to Rs 3 lakhs.
Policy aim: Improve housing security and living standards.
Ahmedabad Rolls Out QR-Based Street Food Hygiene Rating System
Ahmedabad has launched a QR code-based rating system to assess hygiene and food safety at street food vendors. Implemented by the Ahmedabad Municipal Corporation, the scheme enables residents to scan a code and view compliance ratings posted at vendor outlets. The initiative aims to elevate cleanliness standards, standardize safety practices, and empower citizens to make informed choices when consuming street food. City officials expect the scheme to incentivize hygienic preparation and handling, contributing to public health and overall quality of urban street food experiences.
System: QR code-based hygiene rating for street food vendors.
Implementing body: Ahmedabad Municipal Corporation.
Aim: Improve cleanliness and ensure safer food for residents.
Public access via QR codes at vendor outlets.
Expected impact: elevated hygiene standards in street food.
Jun 10, 2026
NZP Saathi App launched at Delhi Zoo
At the National Zoological Park in New Delhi, Union Minister Kirti Vardhan Singh launched the NZP Saathi App to improve visitor experiences. The app offers interactive maps, guided navigation, and customised tour options to help visitors plan their day. Self-ticketing kiosks with UPI payments and free Wi-Fi were introduced to promote seamless digital services at zoos. The initiative aims to modernise animal parks, reduce queuing, and encourage more families to visit. Officials said the app would be rolled out to other zoological parks nationwide in phases. The launch signals the government's push for technology-enabled tourism and better access to conservation education.
NZP Saathi App launched at National Zoological Park, New Delhi.
Features include interactive maps, navigation, and customised tours.
Self-ticketing kiosks with UPI payments and free Wi-Fi introduced.
Goal: modernise zoo services and promote digital tourism.
Plan to roll out to other zoos in phases.
SAPLING Dialogue 2026 held in Ahmedabad
The SAPLING Dialogue 2026 was inaugurated in Ahmedabad by Union Minister Chirag Paswan. Organised under the SAPLING initiative with support from the World Bank Group, the event focused on nutrition, food processing, and sustainable economic growth across South Asia. Policymakers and experts discussed strengthening regional cooperation and employment generation through food-processing industries. The dialogue brought together regional leaders to explore policy options, investment ideas, and partnerships. Participants emphasized improving supply chains, nutrition security, and sustainable practices to boost regional development and reduce poverty through agro-based industries.
Inauguration by Union Minister Chirag Paswan in Ahmedabad.
Event organized under SAPLING with World Bank support.
Focus on nutrition, food processing, and sustainable growth.
Dialogues aimed at stronger regional cooperation and employment.
Discussed policy options and investment in food-processing sectors.
Jun 09, 2026
Telangana Launches 'Stree Ride' for Women Safety and Employment
The Telangana Women's Safety Wing launched 'Stree Ride', a transport initiative featuring an all-women fleet of cabs, auto rickshaws, and electric bikes. The project aims to improve safety for women during travel and create employment opportunities. Female commuters can book rides on platforms such as Ola, Uber, and Rapido. In the first phase, the program includes 50 bike riders, four auto rickshaw drivers, and one cab driver. Recipients received professional driving training and financial assistance for electric-vehicle purchases. Officials say the scheme will operate in urban and peri-urban areas, with oversight to ensure safety standards and fair pricing, and will be evaluated after six months.
All-women fleet includes cabs, autos, and EV bikes.
First phase comprises 50 bikes, four autos, and one cab driver.
Rides bookable via Ola, Uber, and Rapido.
Training provided and financial assistance for EV purchases.
Aims to improve safety and create women’s employment.
Amit Shah Launches Land Port Management System (LPMS)
Union Home Minister Amit Shah launched the Land Port Management System (LPMS) in New Delhi. LPMS is a modern digital platform to manage operations at India's land border checkpoints. It integrates cargo and passenger movement systems to improve coordination and transparency. The platform aims to bring land ports to the same technological standards as airports and seaports, strengthening border security while facilitating smoother trade and travel. Officials expect improved customs processing, real-time tracking, and better governance of cross-border flows. The launch aligns with broader goals of digital governance and efficiency in border infrastructure.
LPMS launched in New Delhi as a digital border management platform.
Integrates cargo and passenger movement for better coordination.
Aims to standardize land ports with airport/seaport technologies.
Anticipates improved security, trade, and travel efficiency.
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