It's raised among subjects daily (3,5)
I believe the answer is:
the times
'daily' is the definition.
(I know that The Times is a daily)
'it's raised among subjects' is the wordplay.
'raised' shows that the letters should be reversed in order (going up in a down clue).
'among' means one lot of letters goes inside another (inserted letters are placed among others).
'subjects' becomes 'themes' ('theme' can be a synonym of 'subject').
'it' reversed gives 'ti'.
'ti' going into 'themes' is 'THE TIMES'.
(Other definitions for the times that I've seen before include "paper" , "British daily newspaper" .)