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He stressed that India should effectively leverage the vast amount of data generated through administrative processes while ensuring privacy, transparency, and accountability. Highlighting Prime Minister Narendra Modi’s vision of technology-enabled governance, Dr. Mishra said accurate and timely data would enable governments to design better policies, improve implementation, and deliver services more efficiently. He added that reliable data would be the cornerstone of inclusive development, ensuring informed decision-making and that every citizen benefits from the country’s growth journey.

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NEW DELHI | JUNE 30, 2026 – The Pension Fund Regulatory and Development Authority (PFRDA) and the Institute of Actuaries of India (IAI) today executed a landmark Memorandum of Understanding (MoU) aimed at deepening institutional collaboration in actuarial research, pension policy formulation, technical knowledge exchange and professional capacity building.

The MoU was formally signed and exchanged during the inaugural session of the two-day Joint Conference on Pensions (JCP) 2026 at the India International Centre, New Delhi. Organized around the central theme, “Sustainable Pension Systems – A Socio-Economic Imperative to Viksit Bharat,” the high-level forum has brought together senior government dignitaries, regulators, international experts, actuaries and economists to chart the future of retirement income security and pension expansion in India.

Under this strategic alliance, PFRDA and IAI will pool their respective expertise to drive research-backed policymaking, cultivate technical proficiency and spearhead product innovation. The partnership is uniquely positioned to design sustainable, long-term retirement solutions that align with India’s shifting macroeconomic and demographic landscape.

Addressing the assembly as the Chief Guest, Dr. V. Anantha Nageswaran, Chief Economic Advisor, Government of India, emphasized that building resilient pension structures today is imperative to shield a future aging population. He underscored that moving forward, the industry must solve for steady, predictable post-retirement income streams alongside asset accumulation. Dr. Nageswaran further highlighted that achieving universal pension coverage, especially within the vast informal sector, requires absolute product simplicity, robust digital delivery and the preservation of long-term public trust.

Delivering the keynote address, Shri S. Ramann, Chairperson, PFRDA, observed that while the National Pension System (NPS) has successfully established a formidable framework for retirement savings, the subsequent challenge rests on optimizing the decumulation phase. He noted that the PFRDA-IAI collaboration will foster research-led, flexible and easily understood financial instruments designed around consumer realities, ultimately encouraging consistent long-term financial security over short-term market speculation.

Ms. Preeti Chandrashekhar, President, Institute of Actuaries of India, stated that escalating life expectancies demand that retirement security be elevated to a paramount national priority. She emphasized that collaboration between regulators, actuaries, economists and technologists will help create personalized products and solutions to help enhance society’s ability to manage longevity and uncertainty challenges with confidence.

Highlighting the global perspective, Ms. Ayako Inagaki, Senior Sector Director, Asian Development Bank (ADB), remarked on India’s unparalleled potential to scale pension inclusion by leveraging its world-class digital public infrastructure. She called for deep multi-stakeholder coalitions bridging governments, tech innovators and civil society, reiterating the ADB’s continued commitment to anchoring India’s journey through technical expertise and knowledge sharing.

The inaugural day concluded with intensive technical sessions examining goal-based decumulation frameworks, longevity risks and the newly launched Retirement Income Scheme under the NPS. A dedicated panel on “Linking the Missing Middle” explored scalable, affordable and digitally-driven social security models explicitly targeted at India’s burgeoning platform and informal workforces.

The Joint Conference on Pensions 2026 will proceed tomorrow with sessions dedicated to analyzing innovation in products, distribution and technology, using AI and data analytics, for new-age retirement income solutions, Investment practices and asset mix for pension investments with long-term horizon, Global pension trends, risk-mitigation frameworks and structural policy innovations designed to fortify India’s comprehensive retirement security roadmap to establish a fully pensioned society for Viksit Bharat 2047.

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Welcoming the august gathering, Mr. R.K. Vij, Co-Chair, PHDCCI Textile Committee, Secretary General, PTAIA and National President, Textile Association of India, described the National Technical Textiles Mission (NTTM) as a transformative initiative that has provided the industry with the momentum to accelerate innovation and manufacturing. While appreciating the Ministry of Textiles for its industry-friendly policies and collaborative approach, he urged the Government to address the GST inverted duty structure on man-made fibres and rationalize duties on key raw materials such as PTA and MEG to improve liquidity, enhance competitiveness and unlock the sector’s growth potential. He called for closer industry-government collaboration to position India not only as a global manufacturing hub but also as a global innovation leader in technical textiles.

Delivering the address the Chief Guest, Shri Pabitra Margherita, Hon’ble Minister of State for Textiles, Government of India, said that the growing focus on fitness, healthcare and sports through initiatives such as Khelo India, Fit India Movement and TOPS is creating unprecedented demand for high-performance sportech products. He highlighted that India’s technical textile exports have grown from ₹8,827 crore in FY 2013–14 to ₹28,392 crore in FY 2024–25, reflecting the sector’s strong global competitiveness. He further noted that under the National Technical Textiles Mission, more than 180 research projects have been approved to strengthen innovation and manufacturing, while the PLI Scheme for Textiles has attracted investments exceeding ₹5,500 crore. Reaffirming the Government’s vision of achieving USD 100 billion in textile exports and a USD 350 billion textile market by 2030, he called upon industry, academia and research institutions to work collectively towards making India a global leader in technical textiles under Viksit Bharat 2047.

The guest of honor Ms. Manisha Chatterjee, Joint Secretary, Ministry of Textiles, Government of India, emphasized that the National Technical Textiles Mission has now entered a phase of large-scale implementation, shifting the focus from research to commercialization. She highlighted initiatives such as the PRAMAN guidelines, strengthening of testing infrastructure, international standardization and targeted support for MSMEs to bridge the gap between laboratory innovations and market-ready products. She informed that six research projects and one start-up have already been approved under the Sportech segment of NTTM, while stressing that reducing import dependence in high-performance sports textiles presents a significant opportunity for Indian manufacturers.

Speaking as the conference, Dr. Harish K. Chatterjee, Director General, Wool Research Association, highlighted the convergence of technical textiles, electronics, smart sensors and data analytics in shaping the future of sportech. He said India possesses the right ecosystem to emerge as a global hub for high-performance sports textiles through its strong manufacturing base, expanding synthetic fibre ecosystem, growing start-up landscape and government support. He also highlighted the Association’s work in developing indigenous smart textile solutions, internationally accredited testing facilities, technology transfer, start-up incubation and sustainable innovations to strengthen India’s global competitiveness.

Mr. Debabrata Ghosh, Vice President & Sales Director, Barmag India Pvt. Ltd., highlighted India’s immense growth potential in the activewear and sportech segment, stating that the country’s activewear yarn market is projected to grow at a CAGR of over 10% between 2026 and 2035, significantly outpacing China. He observed that the India–UK Free Trade Agreement, supportive government policies and expanding textile infrastructure offer a significant opportunity for Indian manufacturers to become global suppliers of high-value technical textiles. Stressing the importance of advanced bi-component fibre technologies, he called for strengthening domestic manufacturing capabilities to reduce import dependence and establish India as a preferred sourcing destination in the global sportech value chain.

Concluding the inaugural session, Mr. Shantanu Agarwal, Co-Chair, PHDCCI Textile Committee & Joint Managing Director, Maral Overseas Ltd., expressed gratitude to the Ministry of Textiles, the National Technical Textiles Mission, the Wool Research Association, industry partners and stakeholders for their support in making the conference a success. He said the conference had evolved into a meaningful platform for policy dialogue, technology exchange and industry collaboration, urging participants to convert discussions into actionable partnerships that would accelerate the growth of India’s technical textiles sector.

The conference also featured engaging technical sessions on “Sportech Deep Dive,” “Sportech Value Chain: Sourcing, Standardization and Scaling,” “Scaling the Technical Textiles Ecosystem: Investment, Start-ups and Market Expansion,” and “From Import Dependence to Atmanirbhar Sports Manufacturing.” Alongside the conference, an exclusive Technology & Innovation Exhibition showcased breakthrough products, smart textiles, advanced manufacturing technologies, research-led innovations and promising start-ups, highlighting India’s rapidly evolving capabilities across the technical textiles value chain. The deliberations and exhibition together fostered meaningful collaboration among policymakers, industry leaders, researchers, investors, academia and entrepreneurs, reinforcing India’s commitment to innovation, self-reliance and global leadership in technical textiles under the vision of Viksit Bharat 2047.

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Established in 1997, the SKOCH Award framework recognizes organizations that create meaningful and measurable impact rather than merely rewarding scale or visibility, making it one of the most respected independent recognitions in the country. The SKOCH Awards are notable for their independent research led evaluation, evidence-based assessment, peer review by similar organisations, and focus on identifying scalable models of excellence.

The 2026 SKOCH Awards honoured leading government institutions, public sector enterprises, banks and private organisations. This year’s awardees included Union Bank of India, Indian Overseas Bank, Central Bank of India, Central Warehousing Corporation (CWC), Shipping Corporation of India, and the Governments of Punjab, Maharashtra (UMED Mission), Uttarakhand and Sikkim.

Over the years, the SKOCH platform has also featured leading private sector organisations such as Reliance Industries Limited, Mahindra Group, Tech Mahindra, Tata Consultancy Services (TCS), Infosys, HCL Technologies, JSW Group, Larsen & Toubro (L&T) and Adani Group. In the renewable energy sector, POWERCON joins a select group of 2026 SKOCH awardees that includes REC Limited, NLC India Limited and GAIL (India) Limited.

“This recognition is a strong validation of our belief that sustainability and operational excellence are inseparable in maximising the value of renewable energy assets. It reaffirms our mission of delivering ‘more MWh of clean Energy per MW of installed Power’ through responsible and sustainable business practices. In doing so, we create lasting value for our customers, communities, and the environment, while contributing to India’s journey towards Viksit Bharat@2047,” said Mr. Praveen Kakulte, CEO & Founder, POWERCON.

As India accelerates toward 1,800 GW of Clean Energy by 2047 and net-zero by 2070, POWERCON continues to play a critical role across the renewable energy value chain from project development and construction to lifetime O&M operations, asset performance optimization, diagnostics, analytics, and advanced asset management services.

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The conference will be inaugurated by the Hon’ble Minister of State for Textiles, Government of India, Mr. Pabitra Margherita, who will serve as the Chief Guest. The event will also feature the distinguished presence of Ms. Manisha Chatterjee, Joint Secretary, Ministry of Textiles, Govt. of India, as the Guest of Honour. 

Aligned with the overarching national vision of Viksit Bharat 2047, the conference—titled “Scaling the Technical Textiles Frontier: Innovation, Sustainability, and Indigenous Excellence”—will serve as a pivotal interface between policy, academia, and industry. Technical textiles—functional fabrics engineered for high-performance applications—are essential to national sovereignty and economic growth, spanning vital sectors such as defense, medical infrastructure, automotive engineering, and high-performance sports.

While India has made significant strides, the sector is currently at an inflection point. The conference will address critical pathways for industry growth, including:

• The Sportech Pivot: Transitioning from an import-dependent market for high-performance gear to a creator of world-class, indigenous athletic solutions.
• Innovation at Scale: Bridging the gap between lab-scale Proofs-of-Concept (PoCs) and industrial-grade manufacturing.
• Global Standards: Aligning Indian manufacturing with international benchmarks to drive export competitiveness.

“Technical textiles are the ‘invisible infrastructure’ of a modern nation,” said Rakesh Kumar Sangrai, Director, PHDCCI. “With the visionary leadership of the Ministry of Textiles and the support of the National Technical Textiles Mission (NTTM), this conference aims to mobilize the industry to turn potential into production, and ambition into national dominance.” 

The conference will feature:

• Strategic Policy Dialogues: A direct platform for industry leaders to discuss regulatory frameworks and policy optimization with Ministry officials.
• The NTTM Innovation Pavilion: A curated exhibition zone showcasing ground breaking prototypes and material solutions from NTTM-funded startups and premier research laboratories.
• The Strategic Industry White Paper: A collaborative roadmap, synthesizing industry challenges and expert recommendations, to be presented to the Ministry of Textiles for actionable policy support.

Industry leaders, technology innovators, and manufacturing stakeholders are invited to register early to secure their presence at this strategic event. 

Register Now:

https://docs.google.com/forms/d/e/1FAIpQLSeMoVgrbKYKjQg33-IFPZHeqU23i0eRSuKyd2odIDfD4SYdoQ/viewform 

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National, 16 June 2026: YES BANK & Northern Arc Capital have entered a partnership to  expand access to credit, scale digital lending and provide debt investment opportunities for its customers. This brings together balance-sheet strength, digital infrastructure,  distribution capabilities, underwriting expertise, and technology platforms to expand  formal credit access across underserved segments in India, in line with the Government of  India’s Financial Inclusion agenda towards fulfilling the Viksit Bharat vision of 2047. This  strategic partnership is an outcome of YES BANK’s collaboration with Sumitomo Mitsui  Banking Corporation (SMBC), the largest strategic shareholder in YES BANK and a key  shareholder in Northern Arc Capital. SMBC has helped bring together two complementary  platforms with strong synergies across origination, distribution, technology and balance-sheet  capacity. This marks first of many synergistic collaborations designed to accelerate YES  BANK’s and Northern Arc’s growth journey. 

YES BANK is the sixth-largest private sector bank in India, with a pan-India network of 1,583  branches and BCBOs, and over 1,350 ATMs. The bank offers a wide array of products,  services, and digital solutions tailored for retail, MSME, and corporate clients. With a strong  franchise in digital and transaction banking, it leverages best-in-class technology and a  robust API stack to maintain dominant leadership in digital payments, processing one out  of every three digital transactions in India. 

Northern Arc will leverage its network of 368 Originator Partners (financial institutions) to  facilitate substantial credit deployment for YES BANK through its Placements Business. This  partnership will provide YES BANK access to a diversified pipeline of granular credit  opportunities sourced from Northern Arc’s established ecosystem of lending partners. By  combining Northern Arc’s origination and structuring expertise with YES BANK’s lending  capacity, the initiative is expected to strengthen the flow of formal credit to underserved  borrower segments while supporting scalable and responsible credit expansion. 

Further, this alliance aims to accelerate retail lending growth of both institutions through the  co-lending model of Northern Arc’s nPOS. It will be supported by data-led underwriting,  structured risk-sharing mechanism, and robust portfolio monitoring frameworks. Leveraging  Northern Arc’s diversified origination partner ecosystem across underserved markets,  designed to scale granular lending efficiently while maintaining portfolio quality and  transparency. 

As part of the agreement, Northern Arc Investment Managers (NAIM), a wholly owned  subsidiary of Northern Arc Capital, will offer Alternative Investment Funds (AIFs) & PMS  services to YES BANK’s retail, affluent, and institutional investors. Altifi, Northern Arc  Capital’s online bonds platform, will be integrated with YES BANK’s wealth ecosystem to  provide seamless access to fixed-income investment products through a transparent and  technology-enabled interface.  

A key pillar of the partnership is the integration of technology platforms across both  organizations. Northern Arc’s proprietary platforms such as nPOS, NIMBUS, and NuScore, 

will be integrated with YES BANK’s digital lending architecture for seamless loan onboarding and credit delivery at scale. 

Commenting on the development, Ashish Mehrotra, Managing Director and Chief  Executive Officer, Northern Arc Capital, said, “India’s next phase of financial inclusion will be  driven by institutions that can combine technology, distribution, and risk intelligence at scale. This  partnership brings together complementary capabilities to build a more efficient and accessible financial  ecosystem for underserved borrowers and emerging investors. At Northern Arc, we remain focused on  strengthening the ecosystem that connects capital to opportunities across India’s evolving credit  markets.” 

Dr. Rajan Pental, Executive Director, YES BANK, said, “YES BANK’s partnership with  Northern Arc Capital aligns with our strategy to build technology-enabled credit infrastructure that  can serve India’s diverse financial needs at scale and contribute its part towards the Viksit Bharat vision  for 2047. Northern Arc’s origination platforms and underwriting capabilities, combined with our  strong balance-sheet and digital architecture, create a powerful engine for expanding formal credit  across priority segments. On the investment front, this collaboration opens institutional-quality private  credit and alternative investment opportunities to a broader client base.” 

The collaboration reflects a shared commitment to building scalable financial solutions that  strengthen economic participation and support the aspirations of underserved communities  and emerging investors across the country. 

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To counter this imbalance, the next evolution of corporate giving must move away from fragmented philanthropy and shift toward strategic investments in underserved geographies. True impact is diluted when multiple organizations repeatedly fund the same communities, drawing a parallel to multiple people feeding a single individual while others elsewhere go hungry. By redirecting capital, corporate expertise, and long-term commitment to the country’s most vulnerable and isolated pockets, businesses can address deep-seated developmental gaps. This pivot ensures that corporate capital functions equitably, actively seeking out communities that have historically been left behind by mainstream development frameworks.

With institutional scale and substantial capital now secured, the future of corporate social responsibility lies in piloting scalable, evidence-based models that governments can later institutionalize. Instead of repeating isolated interventions, companies possess the unique capability to test innovative frameworks and build robust ecosystems in challenging environments. Real social transformation is ultimately achieved not by measuring the sheer volume of capital deployed, but by expanding the boundaries of development to include those who are still waiting to be seen.

#CSR #CSRIndia #CorporateSocialResponsibility #MCA #NationBuilding #ViksitBharat2047 #ViksitMaharashtra #SocialImpact #InclusiveDevelopment #DevelopmentSector #ESG #Sustainability #PublicPolicy #SDGs #NGO

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The discussions focused on strengthening digital banking ecosystems, enhancing cybersecurity frameworks and improving access to credit for MSMEs and other productive sectors. Emphasis was also laid on prudent expenditure management and austerity measures while ensuring resilience amid global economic uncertainties. M. Nagaraju highlighted the importance of robust grievance redressal mechanisms, strong governance standards and operational preparedness to keep the banking system resilient and aligned with the vision of Viksit Bharat 2047. During the meeting, the revamped Department of Financial Services website was also launched, offering improved accessibility, seamless navigation and information dissemination in more than 23 regional languages.

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The newly introduced seven-point agenda places a heavy emphasis on robust research, standardized impact assessment, and professional education. To bridge the gap between academic study and field practice, Dr. Chatterjee announced the launch of the Chatterjee National CSR Fellowship, which will select one academic and one professional contributor annually. Furthermore, to ensure CSR initiatives deliver sustainable and measurable results, he has initiated six regional consultations to develop a standardized National CSR Social Impact Assessment Template, known as NCAT. This framework will unify sampling methodologies and quantitative techniques across the country. Dr. Chatterjee also stressed the urgent need for specialized degree programs in CSR and ESG to build a qualified cadre of professionals, much like CAs in finance and MBAs in marketing.

In addition to academic and professional training, the roadmap highlights technological integration and creative problem-solving as core pillars of CSR 2.0. The agenda calls for the adoption of AI-driven monitoring tools to secure complete transparency and guarantee that project benefits successfully reach the last mile. Dr. Chatterjee urged organizations to break away from repetitive, traditional projects in education and healthcare, advocating instead for out-of-the-box thinking and innovative project designs capable of tackling modern, complex societal challenges.

Finally, the agenda outlines a strategic shift toward institutional synergy and alignment with national governance. Dr. Chatterjee stated that CSR must evolve alongside ESG and sustainability, treating these three elements as a unified trinity essential for modern organizational growth. Rather than working in isolated silos, corporate social responsibility initiatives are encouraged to supplement and actively leverage ongoing government programs. By aligning corporate efforts with the vast resources and scale of the state, the corporate sector can effectively contribute to significantly larger national development goals.

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