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    Preserving Financial Stability in an Evolving World - Special Address by Shri Sanjay Malhotra, Governor, Reserve Bank of India, at the Fifth Kautilya ...
    Central Bureau of Narcotics (CBN) Rajasthan Unit observes National Anti-Drug Addiction Day with awareness programmes and cleanliness campaigns across ...
    NABKISAN Lists India’s First WASH-Focused Social Bond, Raises ₹180 Crore
    DRI seizes around 7 kg amphetamine, 5 kg cocaine and 3.5 kg heroin in three operations as it intensifies crackdown on drug trafficking; 5 arrested
    Advisory on “Multistate Registration” Facility for GST Registration
    Forward-Looking Survey on Private Corporate Sector CAPEX Investment Intentions (Survey period: October–December 2026)
    CRIT and IIFT Organise Three-Day Orientation Course on Trade Negotiations
    Union Minister of Commerce and Industry Shri Piyush Goyal Participates in Opening Day of G20 Trade Ministers’ Meeting in Milwauke, U.S
    Insolvency and Bankruptcy Code has strengthened credit discipline, improved recovery climate and contributed to ease of doing business: Harsh Malhotra...
    Central Bureau of Narcotics, DNC office, conducts drug abuse and addiction awareness campaign under Operation Jagriti in Lucknow
    Commerce and Industry Minister Piyush Goyal Calls for WTO-Compliant Approach to Correcting Global Trade Distortions at the Concluding Day of G20 Trade...
    APEDA Facilitates Export of Bihar’s Makhana from Purnea to Greece
    APEDA Facilitates FPO-led Export of Frozen Food Products from Haryana to Canada
    Government Extends Operational Timelines of RELIEF (Resilience & Logistics Intervention for Export Facilitation) Intervention to Support Exporters Ami...
    Government Extends Remission of Duties and Taxes on Exported Products ( RoDTEP) Scheme upto 31st December 2026
    DRI cracks down on illegal wildlife trafficking; elephant ivory, leopard skin, live pangolins and tiger parts seized; 11 persons arrested
    DRI busts two-way gold-diamond smuggling syndicate at Mumbai airport
    CBN Madhya Pradesh Unit destroys over 10.84 tonnes of seized narcotic drugs and deposits 154.375 kg of seized opium at GOAW, Neemuch
    CBN Rajasthan Unit seizes 1.080 kg hydroponic weed (ganja) concealed in international parcel from Thailand
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October 5, 2026
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Financial stability requires targeted oversight and system-wide resilience against interconnected debt, leverage, cyber, technology, and cross-border shocks.
Financial stability is pursued by strengthening resilience rather than preventing every shock. The framework combines prudent regulation, risk-based supervision, stress testing, countercyclical macroprudential measures, targeted temporary liquidity assistance and resolution. Monetary policy remains directed to price stability, while financial-stability risks are addressed through regulatory, supervisory and macroprudential tools. System-wide resilience requires sound banks and NBFCs, reliable payment and technology infrastructure, robust data on interconnected exposures, scenario analysis, credible safety nets, and proactive proportionate oversight of cyber, model and third-party risks.
October 5, 2026
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Drug-abuse prevention awareness promotes informed refusal, resistance to peer pressure, community participation, drug-de-addiction pledges, and healthy drug-free lifestyles.
Drug-abuse prevention awareness in opium-cultivation areas focused on the harms of opium, cannabis and other illicit drugs, informed refusal at first exposure, resistance to peer pressure, and prevention of progression from use to dependence. Programmes for students, cultivators and residents used interactive sessions, campaign banners, community pledges, Gram Sabha participation and cleanliness drives to promote healthy drug-free lifestyles, community participation and collective action against addiction.
October 5, 2026
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WASH-focused social bond financing mobilises capital for safe water, sanitation and hygiene access in rural and underserved communities.
NABKISAN Finance Limited listed India's first social bond dedicated exclusively to water, sanitation and hygiene on the National Stock Exchange. The five-year issue raised Rs. 180 crore, carries an 8.10% coupon, matures in September 2031, and holds domestic AAA stable credit ratings. Proceeds are earmarked for safe water, sanitation and hygiene solutions in rural and underserved communities.
October 5, 2026
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NDPS Act drug-trafficking enforcement enabled seizures of amphetamine, cocaine and heroin through intelligence-led interceptions and concealed-consignment detection.
NDPS Act enforcement involved three intelligence-led operations addressing trafficking of amphetamine, cocaine and heroin. Searches of a vehicle's spare tyre, chocolate tubes in cabin baggage, and a backpack carried in a car-pooling taxi revealed concealed substances that tested positive through field-testing kits. The amphetamine, cocaine and heroin were seized, along with the vehicle in the amphetamine operation, and five persons were arrested under the NDPS Act, 1985.
October 3, 2026
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Multistate GST registration enables normal taxpayers to submit common information once for simultaneous State and UT applications.
Multistate Registration enables normal taxpayers seeking GST registration under the same PAN in more than one State or Union Territory to apply simultaneously. A Master TRN is generated after selection of the intended jurisdictions and must be submitted with Common Registration Information. Individual TRNs are then generated for each selected jurisdiction, with common information auto-populated and editable. Applicants must provide principal and additional places of business, State-specific information, and Aadhaar authentication.
October 3, 2026
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Private corporate CAPEX survey collects forward investment data through secure self-reporting while protecting enterprise-level confidentiality.
CAPEX 2026 collects information from selected large private corporate enterprises on past, provisional and intended capital expenditure across asset groups and sectors, including investment strategies, financing, green energy and robotics. Responses are self-compiled through a secure portal with bilingual and digital assistance. Complete, accurate and timely reporting supports validation and aggregate investment indicators. Individual enterprise information is protected through confidentiality safeguards, and unit-level CAPEX data are not disseminated.
October 3, 2026
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International trade negotiations training addressed WTO rules, dispute settlement, sustainability, trade remedies, digital trade, and services.
Trade-negotiation capacity-building introduced foundational trade theory and the WTO framework, followed by instruction on treaty interpretation, trade data and dispute settlement. Specialised sessions addressed trade remedies, rules of origin, non-tariff measures, intellectual property rights, digital trade and services. It also considered labour, environmental and sustainability issues, including carbon border adjustment and deforestation requirements, within an increasingly complex global trade environment.
October 3, 2026
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Food security safeguards distinguish transparent public stockholding measures from coercive trade actions within multilateral trade cooperation.
India maintains public stockholding, procures food from small and marginal farmers, and may adopt temporary, transparent measures during harvest shortfalls to preserve food availability and affordability. These food-security measures are identified as recognised within the WTO framework. A distinction is advanced between legitimate food-security interventions and coercive trade actions used to exert pressure on other countries. G20 Trade Ministers reached consensus on a statement addressing the weaponization of food through coercive trade actions and committed to continued cooperation.
October 3, 2026
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Insolvency resolution reform prioritises timely, value-maximising outcomes through technology adoption, mediation, and legislative responsiveness across the insolvency ecosystem.
The Insolvency and Bankruptcy Code seeks faster, value-maximising resolutions through legislative responsiveness, technology adoption and adherence to prescribed timelines. Reform priorities include reducing case-disposal delays, speeding consideration of resolution plans, revising admission thresholds, mediation and sector-specific carveouts. The framework is associated with creditor recoveries, rescue of viable businesses and changed debtor-creditor behaviour.
October 3, 2026
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Drug abuse prevention awareness promotes student education, peer outreach, and youth responsibility for a drug-free society.
Operation Jagriti promotes drug abuse and addiction awareness among students by addressing the harmful effects of substance use and practical prevention measures. Students are encouraged to avoid drugs, spread prevention awareness among peers and communities, and contribute responsibly to the Nasha Mukt Bharat objective of a drug-free India.
October 3, 2026
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Forced-labour border measures require verifiable evidence, due process and WTO consistency while preserving cooperation without unilateral trade action.
Global trade distortions should be addressed through WTO-consistent, evidence-based anti-dumping and countervailing measures, without restricting developing countries' policy space for industrialisation. Most-Favoured-Nation treatment, consensus decision-making, special and differential treatment, and a two-tier dispute-settlement system remain central to multilateral trade governance. Imports produced using forced labour are prohibited, while border measures must rely on specific, verifiable evidence, observe due process and WTO rules, and avoid presumptions concerning entire countries, regions or sectors.
October 3, 2026
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Export-led market access for Makhana expands overseas buyer linkages, supports higher producer returns, and promotes European market diversification.
Export-oriented market access for Bihar's Makhana is being expanded through a facilitated shipment of popped Makhana from Purnea to Greece. APEDA's support connects producers and exporters with international buyers and strengthens the export value chain. Higher price realisation than domestic selling prices indicates scope for improved producer returns, wider farmer and producer-group participation, and diversification into European markets. Export promotion is linked to a proposed Agri Export Policy and packhouse development.
October 3, 2026
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FPO-led export market access links processed food producers with global buyers and strengthens agricultural value-chain participation.
APEDA facilitated an FPO-led export of frozen food products to Canada by Aterna Foods Producer Company Limited, with support under its Financial Assistance Scheme. The export included frozen vegetables, sweet corn, samosa and other processed food products. Market-linkage initiatives connect Farmer Producer Organisations and Farmer Producer Companies with exporters and global buyers, promoting export-oriented value chains and integrating agricultural produce with processing and international markets.
October 3, 2026
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RELIEF timeline extension preserves credit-insurance support and premium protection for exporters facing West Asia maritime disruptions.
Component II of the RELIEF intervention extends operational timelines for exporters affected by West Asia maritime-logistics disruptions. It encourages eligible exporters to obtain ECGC cover for upcoming shipments to specified regions with 95% risk coverage. Benefits apply to qualifying Stand Alone Policies and Whole Turnover Policies, covering full container load, less than container load, and reefer containers, but excluding energy shipments. Eligible exporters' insurance premium cannot increase beyond the pre-disruption level during the relevant period.
October 3, 2026
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RoDTEP duty remission continues for eligible exporters, preserving existing rates and value caps through the extended period.
RoDTEP Scheme continuation is extended until 31 December 2026 for exports made by Domestic Tariff Area units, Advance Authorisation holders, Special Economic Zone units and Export Oriented Units. The scheme remits embedded, un-rebated Central, State and local duties, taxes and levies borne on exported products. Existing RoDTEP rates and value caps remain unchanged throughout the extension.
October 3, 2026
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Wildlife trafficking enforcement targeted unlawful possession, transport and proposed sale of ivory, leopard skin, pangolins and tiger parts.
Illegal wildlife trafficking operations addressed alleged possession, transportation, and attempted sale of elephant ivory, leopard skin, live pangolins, and tiger parts. Possession without licence and trade in elephant ivory or ivory articles are prohibited under the Wild Life (Protection) Act, 1972. Leopards, pangolins, tigers, and their body parts receive Schedule I protection, while pangolins are also listed in CITES Appendix I, prohibiting international trade. Recovered wildlife articles, live animals, and vehicles were transferred or seized for action by forest and specialised wildlife enforcement agencies.
October 3, 2026
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Two-way airport smuggling: airport staff allegedly facilitated clandestine gold entry and illicit diamond export through transit and outbound passengers.
An alleged two-way smuggling arrangement involved airport staff receiving foreign-origin gold dust in wax capsules from transit passengers for clandestine removal into India and transferring diamonds to an outbound passenger for illicit export to Dubai. Seizure included 23 capsules of 24-carat foreign-origin gold dust in wax form and natural and lab-grown diamonds. The modus operandi used the same airport employee to facilitate import-side gold smuggling and export-side diamond smuggling.
October 3, 2026
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Seized narcotic-drug disposal prevents contraband re-entry through supervised destruction, lawful opium deposit, and environmentally safe incineration.
Authorised disposal of seized narcotic drugs under the Narcotic Drugs and Psychotropic Substances Act, 1985 involved destruction of 10,842.150 kg of contraband through an approved process supervised by the Drug Disposal Committee and attended by a pollution-control representative. Seized opium was separately deposited with the Government Opium and Alkaloid Works as part of the disposal process, aimed at preventing contraband from returning to illicit drug trafficking and ensuring environmentally safe incineration.
October 3, 2026
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International postal narcotics trafficking: hydroponic ganja concealed in cake pouches was seized under NDPS procedures.
Seizure under the relevant provisions of the Narcotic Drugs and Psychotropic Substances Act, 1985, covered hydroponic weed (ganja) recovered from an international parcel received from Thailand. The contraband was concealed in cake pouches placed among other packets and articles to camouflage its presence. Specific intelligence prompted examination, recovery, weighing and seizure following due legal procedure, with further investigation in progress.
October 3, 2026
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NDPS enforcement enabled opium and vehicle seizure, with arrest after an intelligence-led roadside interception operation.
Intelligence-based enforcement under the Narcotic Drugs and Psychotropic Substances Act, 1985, resulted in the interception of a motorcycle and recovery of 4.240 kg of opium. The opium and motorcycle used for transportation were seized after legal formalities, and one person was arrested. Investigation continues to trace the contraband's source and intended destination and identify other persons connected with the suspected trafficking network.

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Corp. Laws, SEBI & IBC

Government Approves Thirteen Proposals of Foreign Direct Investment (FDI) Amounting to About Rs. 1258.53 Crore

October 29, 2013

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Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting held on September 19, 2013, Government has approved thirteen (13) proposals of Foreign Direct Investment (FDI) amounting to Rs. 1258.53 crore approximately.

In addition, one proposal viz., M/s Axis Bank Ltd. Ahmedabad, amounting to Rs. 6265.76 crore has been recommended for consideration of Cabinet Committee on Economic Affairs (CCEA).    

Details of proposals in the Foreign Investment Promotion Board (FIPB) Meeting held on 19.9.2013.

Following thirteen (13) proposals have been approved:

Sl. No.

Name of the applicant

Particulars of the proposal

FDI/NRI inflows

(Rs. in crore)

1

M/s Indian Rotocraft Pvt. Ltd.

Amendment in the approved activities of the previous FC approval letter to replace the helicopter model as AW 119Kx, the upgraded model, in place of AW 119Ke, the discontinued model.

Nil

2

M/s BF Elbit Advanced Systems Pvt. Ltd., Pune

Induction of foreign equity in defence sector.

37.44

(US $ 6 million)

3

M/s Camson Bio Technologies Ltd., Karnataka

Issue of warrants to a foreign collaborator in the business of agricultural biotechnology.

32.18

4

M/s SD Bio Standard Dignostics Ltd

Infusion of additional FDI in an existing foreign owned pharma company.

27.5

5

M/s Shantha Biotechnics Pvt. Ltd.

An existing foreign investor in a brownfield pharma company to buy out the shares held by NRIs and Indian residents and to infuse fresh equity investment.

755.00

6

M/s Empays Payment System India Pvt. Ltd., Mumbai

To set-up a Multi- Bank Payment System using the Instant Mobile Transfer System (IMT).

27.50

7

M/s Equitas Holdings Pvt. Ltd.

A holding-cum-investment company in microfinance sector to increase FDI by issuance of equity shares and new foreign investors.

222.80

8

M/s Jaguar-Max Security Solutions Pvt. Ltd., New Delhi

Induction of foreign investment to carry out the business of Private Security Services company.

0.11

9

M/s Stork Titanium Pvt. Ltd., New Delhi

Induction of foreign investment to carry out the business of manufacturing, trading and dealing in titanium products.

156.00

(US $ 25 Million)

10

M/s Styrolution South East Asia Pte. Ltd., Singapore

NR to NR transfer of shares within a group company by way of a block deal on the special trading window of BSE Ltd., /NSE Limited.

Nil

11

M/s HCL Technologies Ltd., New Delhi

Induction of direct foreign investment in its own total paid-up equity share capital and consequent indirect foreign investment in its wholly owned subsidiary.

Nil

12

M/s Cable & Wireless Pvt. Ltd.

Overseas group restructuring in telecom Sector Company without change in approved FDI/cap/investor.

Nil

13

M/s Multi Screen Media Pvt. Ltd.

To increase the foreign equity participation for production of television programmes in Indian and downlinking   certain TV channels.

Nil

The following eight (8) proposals have been recommended to be deferred:

Sl. No

Name of the applicant

Particulars of the proposal

1

M/s SasMos Het Technologies Ltd., Bangalore

Post facto approval to undertake manufacturing of electronic warfare subsystems, parts and accessories for airborne ground and naval application etc.

2

M/s Jubilant Aeronatics Pvt. Ltd.

Amendment in the approved activities of the approval letter in defence sector.

 

3

M/s Kinedex Healthcare Pvt. Ltd., Jaipur

Post facto approval for induction of foreign equity in the existing Indian pharma company.

4

M/s Laurus Labs Pvt. Ltd., Hyderabad

Downstream investment in an Indian pharmaceutical company by way of subscription to fresh allotment of equity shares.

5

M/s Soma Tollways Pvt. Ltd.

Post facto approval for increase in foreign equity in an investing company.

6

M/s M.D. Shajahan Bablu, Bangladesh

Bangladesh nationals to incorporate a company in India with 100% FDI to engage in trading of Raw Jute and Jute Products and Agro based products.

7

M/s Green Destinations Holdings, Mauritius

NR to NR transfer of shares before the expiry of lock-in period.

8

M/s Monsoon Capital LLC, USA

To make FDI investments directly or indirectly in an Indian Trust.

The following two (2) proposals have been recommended for rejection:

Sl. No

Name of the applicant

Particulars of the proposal

1

M/s Sundaram Ramaswamy, Gurgaon

Conversion of an existing Indian Company into a LLP and additional FDI infusion.

2

M/s SQS India Infosystems Pvt. Ltd., Pune

Post-facto approval for swap of shares to carry out the business of Software Testing Services.

 The following one (1) proposals have been advised to access automatic route.      

SlNo

Name of the applicant

Particulars of the proposal

1

M/s Octania Aerostructure Group Pvt. Ltd., New Delhi

To issue equity shares to a foreign investor in lieu of technology transfer/knowhow to set up an aerospace machining and treatments company.

 The following one (1) proposal has been advised that FIPB approval is not required:

Sl. No

Name of the applicant

Particulars of the proposal

1

M/s Advanta Pvt. Ltd.

Post-facto approval for induction of foreign investment into the company to carry out the business of Research, Production and marketing of hybrid seeds.

 The following one (1) proposal has been recommended to advise the applicant that the proposal is not within the purview of FIPB:

Sl. No

Name of the applicant

Particulars of the proposal

1

M/s Artura Pharmaceuticals Pvt. Ltd., Tamil Nadu

Post-facto approval for delay of 6 months and 2 days in receiving part of the consideration for the issue of equity shares in an existing pharma company.

 Decisions in the following five (5) proposals have been kept in abeyance

 

Sl. No

Name of the applicant

Particulars of the proposal

 

1

M/s Brampton Pvt. Ltd.

Clarification regarding limit on percentage of shareholding to be held either by Indian partner or foreign partner for forming the joint venture company.

2

M/s Acebright (India) Pharma Pvt. Ltd., Karnataka

A foreign owned Indian pharma company to receive additional foreign investment by way of fresh issue and transfer. Post-facto approval is also sought for an earlier transfer.

3

M/s Manipal Technologies Ltd., Karnataka

Induction of foreign investment in order to invest in the subsidiary to enter into cards payment system management and processing services for all kinds of alternate delivery channels including ATM.

4

M/s AU Housing Finance Limited, Jaipur

An Indian Housing Finance Company proposes to increase direct and indirect foreign investment upto 95%, without meeting the minimum capitalization norm of USD 50 million.

5

M/s Aerrianta International CPT, Ireland

To set up a 50:50 JV company to engage in running duty free shops at Mumbai airport.

 The following one (1) proposal has been recommended for the consideration of CCEA, as the investment involved in the proposal is above Rs. 1200 crore.

1

M/s Axis Bank Limited, Ahmedabad

A private bank proposes to increase the foreign equity from the existing 49% to 62%.

6265.76

Topics

Acts Income Tax