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    August 21, 2026
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    August 21, 2026
    Rupee settles 3 paise higher at 95.71 against US dollar
    Show AI Summary
    Rupee exchange-rate movement reflected geopolitical tensions, crude oil conditions and market intervention, while export payment rules expanded rupee invoicing.
    Foreign Trade Policy amendments facilitate export invoicing and receipt of payments in Indian rupees. For exports to countries outside the Asian Clearing Union, export contracts and invoices may be denominated in Indian rupees or any foreign currency. The earlier general requirement that export earnings be received in a freely convertible currency is thereby eased, while applicable rules continue to vary according to destination.
    August 21, 2026
    29 FDI Investments Worth ₹4,895.65 Crore Reported Under Revised Framework
    Show AI Summary
    Non-controlling land-bordering country ownership permits eligible foreign investment through the automatic route, subject to sectoral conditions and reporting.
    Foreign direct investment may use the automatic route where non-controlling beneficial ownership from a land-bordering country in the investor entity does not exceed 10%, subject to sectoral caps, entry routes and other applicable conditions. The beneficial ownership test applies at the investor-entity level. Eligible investors need not obtain separate prior Government approval after reporting relevant information to the Government. The framework replaces the earlier approval requirement applicable even to minimal beneficial ownership from land-bordering countries.
    August 21, 2026
    India and ADB sign $230 million loan to modernise water supply and sanitation in Chennai
    Show AI Summary
    Climate-resilient urban water security modernises Chennai's supply and sanitation systems through ring-main infrastructure, digital monitoring, and safer sewer operations.
    Chennai Climate-Resilient Water Security and Sewerage Project modernises and expands water supply and sanitation infrastructure through a loan arrangement between the Government of India and the Asian Development Bank. Measures include new pipelines, upgraded pumping stations, performance-based utility operations, and a comprehensive ring-main system to improve water-pressure balance, distribution efficiency, reliability and climate resilience. Digital monitoring and advanced blockage-detection technology are intended to improve operational decisions, customer responsiveness and worker safety while eliminating hazardous manual sewer inspections.
    August 21, 2026
    DGGI unearths clandestine pan masala and tobacco manufacturing network in Uttar Pradesh; 27 undeclared pouch-packing machines seized, evasion of about ₹185 crore detected
    Show AI Summary
    Capacity-based taxation targets undeclared pouch-packing machinery used for clandestine pan masala and tobacco production and untaxed clearances.
    Capacity-based taxation of pan masala and specified tobacco products is determined by the number, type and capacity of installed pouch-packing machines. Searches at interconnected manufacturing and trading premises detected unregistered operations using undeclared machinery for clandestine manufacture and clearance of pan masala, scented jarda and gutkha without payment of GST, HSNS cess and central excise duty. Finished goods, raw materials, packing materials and machinery were seized. The manufacturing firm's proprietor was prima facie identified as managing the operation and was arrested under the applicable cess and central excise laws.
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    Show AI Summary
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    Urban Co-operative Banks must strengthen digital and risk-management capabilities as technology dependence exposes them to cyber threats, fraud, service-provider failures and common-platform vulnerabilities. Outsourcing critical systems does not transfer the bank's responsibility for oversight, safeguards and continuity. Boards and senior management must retain sufficient knowledge to supervise external providers effectively. Mission SAKSHAM supports role-specific, continuous capability building through physical and online learning, while collective infrastructure and shared expertise can supplement individual institutional capacity.
    August 21, 2026
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    Show AI Summary
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    Foreign exchange market modernisation advances a facilitative, principles-based framework based on delegated decision-making by Authorised Dealers, risk-based reporting, and customer-centric service standards. Authorised Dealers must apply clear internal policies, avoid unnecessary documentation, disclose charges, timelines and grievance mechanisms, and ensure consistent treatment of comparable transactions. Local-currency settlement requires viable trade corridors, competitive hedging, correspondent relationships and robust AML/CFT controls. Digital workflows, electronic trading and reporting infrastructure should improve transparency and resilience, while automated tools remain subject to explainability, review and data-protection safeguards.
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    Govt rejects ethanol link to sugar price surge, says duty free imports allowed to curb prices
    Show AI Summary
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    August 21, 2026
    China moves to wrap up saga of troubled property giant Evergrande after founder gets life sentence
    Show AI Summary
    Cross-border insolvency enforcement constrains asset recovery as Evergrande liquidation, founder asset confiscation, and audit-related claims continue.
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    Show AI Summary
    Foreign exchange reserves rose through higher currency assets and gold holdings amid measures to attract external forex inflows.
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    Show AI Summary
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    August 21, 2026
    ED can't add old FIR to Enforcement Case Information Report to sustain PMLA proceedings: Delhi HC
    Show AI Summary
    Predicate-offence dependency limits retrospective addition of old FIRs to preserve money-laundering proceedings after the original scheduled offence is closed.
    Predicate-offence dependency under the Prevention of Money Laundering Act requires an ECIR to rest on a subsisting scheduled offence. Closure of the FIR forming its basis through an accepted cancellation report prevents continuation of money-laundering proceedings unless that closure is overturned. A previously registered FIR cannot be belatedly added merely to preserve an existing ECIR and coercive powers. Where statutory requirements are met, an independently registered ECIR may be required. Expansion of an ECIR cannot rest solely on tenuous factual links between successive disputes.
    August 21, 2026
    Rupee settles on flat note, 3 paise higher at 95.71 against US dollar
    Show AI Summary
    Indian rupee export invoicing rules now permit overseas contracts and invoices in rupees or foreign currency for eligible destinations.
    Foreign Trade Policy provisions were amended to facilitate invoicing of overseas exports and receipt of export payments in Indian rupees. For exports to countries outside the Asian Clearing Union, export contracts and invoices may be denominated in Indian rupees or any foreign currency, replacing the earlier general requirement that export earnings be received in a freely convertible currency. The applicable requirements vary according to the destination country.
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    VinFast India Partners with Federal Bank to Strengthen Dealer Financing Ecosystem
    Show AI Summary
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    August 21, 2026
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    Show AI Summary
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    Show AI Summary
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    August 20, 2026
    Quebec remains cautious on Canada-US trade deal as Ottawa pushes to restore US alcohol
    Show AI Summary
    Provincial alcohol sales restrictions remain subject to economic impact assessment under proposed bilateral trade agreement negotiations.
    Provincial control over alcohol distribution remains distinct from federal trade-making authority. Quebec retains authority over whether United States alcohol is offered through its government-controlled liquor distribution system, despite lacking a veto over a bilateral trade agreement. Federal requests to restore United States alcohol to retail shelves cannot compel provincial action. Proposed trade commitments also concern restrictions on United States agricultural products and Canada's dairy import regime, which applies lower tariffs within designated import volumes and higher duties beyond those volumes.
    August 20, 2026
    No cases of foreigners getting Aadhaar, other govt benefits reported during SIR in K'taka: Minister
    Show AI Summary
    Electoral-roll verification found no reported cases of specified foreign nationals receiving identity-linked benefits or voter registration.
    Electoral-roll special intensive revision recorded no reported cases of Pakistani, Bangladeshi or Iranian nationals obtaining Aadhaar cards, ration cards, other government benefits, or voter registration. Illegal immigrants are identified through police monitoring, intelligence measures, specialised operations and a Special Task Force. Overstayers are recorded through the District Police Module and Foreigners Identification Portal and produced before Foreigners Regional Registration Officer authorities. Persons found to be residing illegally are reported to the concerned central divisions, proceeded against through registered cases, retained pending case disposal and exit permits, and subjected to deportation steps.

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      Home› news › News and Press Release › 2014 › February, 2014 › This
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      News and Press Release

      Growth of Small Enterprises

      February 19, 2014

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      National Small Industries Corporation Limited (NSIC), a public sector undertaking under the administrative control of the Ministry of Micro, Small & Medium Enterprises facilitates Micro and Small Enterprises (MSEs) in participation for Government Stores Purchase Programme. The MSEs registered with NSIC under its Single Point Registration Scheme get the following facilities:

      (i) Issue of tender set free of cost.

      (ii) Exemption from payment of earnest money.

      (iii) In tender participation, MSEs quoting price within the price band of L1+15 percent shall also be allowed to supply a portion upto 20% of requirement by bringing down their price to L1 price where L1 is non - MSEs.

      The registration of micro and small enterprises under Single Point Registration Programme of NSIC is in increasing trend.

      State-wise and year-wise number of MSEs registered under the Single Point Registration Programme of NSIC during last three years

      Name of State

      2010-11

      2011-12

      2012-13

      UTTAN PRADESH

      833

      811

      966

      UTTARANCHAL

      0

      59

      52

      RAJASTHAN

      343

      398

      324

      PUNJAB

      373

      312

      455

      CHANDIGARH

      120

      137

      123

      HARYANA

      56

      126

      144

      DELHI

      409

      445

      554

      TAMIL NADU

      1134

      1101

      888

      PONDICHERRY

      27

      45

      35

      ANDHRAPRADESH

      336

      378

      439

      KARNATAKA

      354

      343

      396

      KERALA

      74

      97

      99

      ODISHA

      149

      180

      194

      WEST BENGAL

      1605

      1669

      1773

      JHARKHAND

      270

      252

      244

      BIHAR

      0

      44

      38

      ASSAM

      0

      92

      88

      MAHARASTHRA

      1107

      1189

      1332

      DADRA NAGAR HEVELI

      40

      56

      51

      GUJARAT

      393

      362

      452

      CHHATISGARH

      113

      105

      96

      MADHYA PRADESH

      211

      212

      237

      TOTAL

      7947

      8413

      8980

      This information was given by the Minister of State (Independent Charge) for Micro, Small and Medium Enterprises, Shri K. H. Muniyappa in a written reply to a question in the Lok Sabha today.

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