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Policy & Regulation · 2 stories · About 1 minutePublished 7:00 am IST

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  1. 02Policy & RegulationETGovernment reports: India's power ministry submits draft National Electricity Policy 2026 to Union Cabinet
  2. 07Policy & RegulationFederal Reserve requests public comment on payment stablecoin regulatory framework
Policy & Regulation02 / 07

ETGovernment reports: India's power ministry submits draft National Electricity Policy 2026 to Union Cabinet

A tall power line tower stands prominently as the sun sets, casting long shadows against a clear blue sky.
Photo: Shixart1985 / Wikimedia CommonsCC BY 2.0

What happened

India's Power Ministry Secretary Pankaj Agarwal confirmed that the draft National Electricity Policy 2026 has been forwarded to the Union Cabinet for inter-ministerial discussions. The draft aims to enhance financial stability, ensure reliable electricity supply, and support domestic semiconductor chip development for smart meters to strengthen sector supply chains.

Why it matters

The draft policy updates regulatory priorities to address structural challenges that have evolved since 2005, specifically targeting grid management and transmission systems. Prioritizing transmission infrastructure alongside domestic smart meter components seeks to improve grid reliability while securing key hardware supply chains.

Bigger picture

The draft policy aligns energy regulation with broader national industrial strategy. Integrating domestic technology development into power sector planning highlights an ongoing structural shift toward combining energy grid modernizations with domestic supply chain security.

Watch next

Watch for the outcome of Cabinet inter-ministerial discussions, draft framework revisions, and the official release timeline for the final policy.

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Policy & Regulation07 / 07

Federal Reserve requests public comment on payment stablecoin regulatory framework

The obverse side of a United States dollar coin.
Photo: Mintaren / Wikimedia CommonsCC BY-SA 4.0

What happened

The Federal Reserve Board requested public comment on two proposals to establish a regulatory framework for Board-supervised payment stablecoin issuers under the GENIUS Act. The proposals mark an initial step toward drafting administrative rules and defining the Fed's supervisory role.

Why it matters

Formal supervisory rules will clarify compliance expectations and operational requirements for Board-supervised stablecoin issuers, reducing regulatory ambiguity for market participants once rules are finalized.

Bigger picture

The initiative advances broader efforts to integrate digital payment instruments into mainstream federal financial oversight pursuant to legislative mandates.

Watch next

The Federal Reserve Board will review public feedback before publishing detailed rule specifications and implementation timelines.

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