General Awareness

GOVERNMENT POLICIES AND SCHEMES - November 2025

Nov 2025

Sep 14, 2026

IRDAI fines IndusInd Bank ₹1 crore for bancassurance lapses

IRDAI imposed a ₹1 crore penalty on IndusInd Bank in September 2026 for violations related to insurance grievance redressal and regulatory reporting requirements. A recent inspection of the bank's bancassurance operations revealed several compliance gaps. The regulator found that the bank did not have a dedicated mechanism to address insurance complaints, failed to issue renewal notices to policyholders, and did not display its IRDAI registration number properly. In addition, the bank's online insurance grievance facilities were deemed inadequate. IRDAI directed corrective actions and monitoring to ensure customer protection in bancassurance channels, and the bank may face further action if lapses recur.

IRDAI levied ₹1 crore penalty on IndusInd Bank for bancassurance compliance gaps.
Findings included lack of a dedicated insurance grievance mechanism and failure to issue renewal notices.
Registration number display and online grievance facilities were found inadequate.
Bank directed to implement corrective actions; potential further action if gaps persist.

Sep 13, 2026

Nitin Gadkari launches One Tag FASTag portability in Mumbai

Union Minister for Road Transport and Highways Nitin Gadkari launched the One Tag facility for FASTag portability in Mumbai in September 2026. The new service allows vehicle owners to transfer their FASTag account when changing banks without removing the physical sticker. Users can keep using the same FASTag by linking it to the new bank account. The change makes toll payments smoother and reduces the need to replace tags during bank changes. The One Tag feature is expected to improve user convenience, reduce transaction friction, and promote seamless cross-bank integration in the nationwide toll network across India.

One Tag FASTag portability launched in Mumbai
Date: September 2026
Transfer FASTag account without replacing sticker
Link FASTag to new bank account after change
Aims to improve convenience and reduce friction in toll payments

Sep 12, 2026

Bihar signs MoU with AIM Global Foundation for dedicated food processing park

In September 2026, the Bihar Industries Department signed a Memorandum of Understanding with the UAE-based AIM Global Foundation in Dubai to establish a dedicated food processing park in Bihar. The agreement aims to develop an integrated agri-food and food processing cluster in the state, connecting farmers, storage facilities, processing units and logistics. Officials expect the project to attract investments from the UAE and Gulf region, while leveraging Bihar’s agricultural strengths to boost value addition and exports. The initiative seeks technology transfer, skilled jobs and an investment-friendly ecosystem. Details of governance, land use and funding will be finalized in a joint development plan.

MoU signed between Bihar Industries Department and AIM Global Foundation
Location of signing: Dubai, September 2026
Goal: develop an integrated agri-food and processing cluster in Bihar
Expectations of UAE/Gulf investments and Gulf market linkages
Focus on technology transfer, job creation and ecosystem development
Implementation to follow a joint development plan

Sep 10, 2026

Global Dryland Congress 2026 opens in New Delhi

India hosted the Global Dryland Congress 2026 from 10 to 12 September 2026 at the National Agricultural Science Complex in New Delhi. The three-day event was jointly organised by the Indian Council of Agricultural Research and the International Crops Research Institute for the Semi-Arid Tropics (ICRISAT). Scientists, policymakers, farmer representatives, and development experts from Asia, Africa, and the Americas gathered to discuss sustainable solutions for dryland agriculture and climate challenges. Officials outlined research priorities, policy recommendations, and capacity-building measures to improve water use, soil health, and crop resilience in arid regions. The congress highlighted India’s role as a regional hub for agricultural innovation and climate adaptation.

Event dates: 10–12 September 2026, New Delhi.
Organisers: ICAR and ICRISAT. Participants from multiple continents.
Focus: sustainable dryland farming, water use, soil health, climate resilience.
Outcomes expected in policy guidance and research priorities.
India positioned as a regional centre for agri-innovation and adaptation.

PM Modi–Putin bilateral talks ahead of BRICS summit

Ahead of the BRICS summit, Prime Minister Narendra Modi and Russian President Vladimir Putin were reported to hold bilateral discussions in New Delhi around 9–10 September 2026. Officials indicated talks would cover strategic ties, energy cooperation, and regional security issues. The engagement occurred as BRICS leaders prepared for multilateral meetings and potential announcements on trade, defence collaboration, and technology partnerships. The meeting was framed within India’s broader strategy to diversify its international partnerships and advance common goals on global governance and economic development.

Bilateral talks between PM Modi and President Putin in New Delhi (Sept 9–10, 2026).
Expected topics: strategic ties, energy, regional security.
Part of broader BRICS summit preparations.
Reflects India’s push for diversified international partnerships.
Possible multi‑lateral announcements linked to BRICS agenda.

Uttarakhand launches Mukhyamantri Yuva Bhavishya Nirman Yojana

Uttarakhand launched the Mukhyamantri Yuva Bhavishya Nirman Yojana, announced by Chief Minister Pushkar Singh Dhami in September 2026. The scheme provides free online coaching facilities to students preparing for competitive examinations, leveraging digital learning platforms to broaden educational access and support youth career development across the state. Officials highlighted scalable delivery, monitoring, and partnerships with educational providers to ensure quality coaching. The program complements existing skill development initiatives and aims to empower youth through expanded opportunities in higher education and public‑sector exams.

Scheme announced by Chief Minister Pushkar Singh Dhami in Sept 2026.
Provides free online coaching for competitive exams via digital platforms.
Aims to increase educational access and youth career opportunities.
Includes monitoring and partnerships for quality coaching.
Part of Uttarakhand’s broader focus on skill development.

Sep 09, 2026

ADB Signs TAS Mandate with Madhya Pradesh

The Asian Development Bank (ADB) signed its first Transaction Advisory Services (TAS) mandate in India with the Government of Madhya Pradesh on 7 September 2026. The agreement aims to support renewable energy Public-Private Partnership (PPP) projects and attract private investment of up to USD 1 billion in the state. ADB will assist in project preparation, structuring, procurement frameworks, and the development of bankable renewable energy projects. The collaboration aligns with MP’s clean energy goals and broader efforts to mobilise private capital for infrastructure, with potential ripple effects for regional supply chains and job creation.

ADB signed its first TAS mandate in Madhya Pradesh on 7 September 2026.
Goal: develop renewable energy PPP projects and attract up to USD 1 billion in private investment.
ADB to assist in project prep, structuring, and procurement frameworks.
Focus on bankable renewable energy projects to spur private capital.
Supports MP’s clean energy ambitions and infrastructure growth.

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