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    Govt lifts ban on wheat exports to protect farmers interest amid depressed local prices
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August 24, 2026
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Wheat export liberalisation replaces prohibitions to support farm prices while domestic stocks are expected to protect consumer supply.
Wheat and wheat-product exports are liberalised with immediate effect by revising their export policy from prohibited to free. The change covers wheat, wheat flour, maida, semolina and wholemeal atta, replacing the earlier export-ban framework and simplifying exports previously permitted through licences. The measure aims to support farmers amid depressed domestic prices, while adequate domestic availability and buffer stocks are expected to meet demand and moderate consumer prices.
August 24, 2026
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Food safety compliance failures trigger licence suspensions for deficient hygiene, storage, refrigeration, sanitation and valid licensing practices.
Food safety enforcement measures resulted in suspension of food licences or registrations where establishments failed hygiene, food handling, storage, refrigeration, sanitation and licensing requirements. Deficiencies included unsafe temperature control, unclean refrigeration equipment, improper food storage and thawing, inadequate sanitisation, deteriorated or expired materials, deficient oil-quality checks, artificial colouring, pest infestation, cross-contamination risks and inadequate drainage. One outlet was also found to be operating under the name of an establishment without a valid food licence, resulting in suspension of its registration certificate.
August 24, 2026
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Central Board Governance expands through appointments of part-time non-official directors for defined terms, alongside central bank and government representatives.
Appointments to the Reserve Bank of India's Central Board expand its part-time, non-official director membership. Syed Akbaruddin, Annie George Mathew and Janmejaya Kumar Sinha have been appointed for four years from 24 August 2026, or until further orders, whichever occurs earlier. The Central Board also includes the Governor, deputy governors, the economic affairs secretary and the financial services secretary.
August 24, 2026
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Electricity tariff adjustment is linked to inflation and transmission losses, while free household units remain separately implemented.
Electricity tariff increase of 6.83 per cent after four years is presented as necessary in light of inflation and rising costs. Reducing transmission and distribution losses is identified as a means of limiting future tariff increases. Provision of 200 units of free electricity for poor and needy households through solar panels under the Muft Bijli Yojana is treated as distinct from tariff revisions.
August 24, 2026
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Sugar supply management measures target speculative stockpiling through imports, stockholding limits and earlier crushing to moderate prices.
Sugar supply is characterised as adequate, and higher prices are attributed principally to speculative buying and advance stockpiling, alongside lower output, seasonal demand and global price pressures rather than an actual shortage. Duty-free raw sugar imports and stockholding limits are intended to augment availability, curb speculative accumulation and stabilise market sentiment. Imports, existing stocks, special crushing and an earlier crushing season are expected to moderate prices and improve festive-period supply. Ethanol diversion is not identified as a cause of the price movement.
August 24, 2026
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Wheat export policy shifts to free trade, lifting restrictions on wheat flour, maida, semolina and wholemeal atta exports.
Wheat export policy has been revised from prohibited to free with immediate effect, lifting the export ban on wheat and related wheat products. The liberalised export treatment extends to wheat flour, maida, semolina and wholemeal atta. The restriction had been imposed to address rising domestic prices, and its removal is expected to improve international wheat availability.
August 24, 2026
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Bogus input tax credit fraud investigation examines fabricated invoices, circular transactions, layered funds and alleged proceeds of crime.
Investigation into alleged bogus input tax credit fraud involved searches under the anti-money-laundering framework. The alleged scheme involved fabricated invoices and e-way bills without actual movement of goods, circular transactions, layered funds, cash withdrawals and bogus or non-existent entities. GST authorities identified fraudulent availment of input tax credit causing wrongful loss to the government exchequer. The investigation focused on tracing alleged proceeds of crime, identifying beneficiaries, and securing documentary and digital evidence.
August 24, 2026
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Sugar crystallization process integration combines evaporator upgrades, continuous boiling, heat recovery and automation for efficient plantation white sugar production.
Sugar manufacturing process integration is proposed through strengthening an existing evaporator station and adding a sugar crystallization section to convert syrup production into plantation white sugar production. The scope covers design, engineering, equipment supply, erection and commissioning of condensate heaters, falling film evaporators, heat-recovery systems, continuous pans, vacuum systems and crystallizers. Continuous massecuite boiling will use chamber-specific control, while evaporator recirculation and online chemical-cleaning provisions support process control and low-grade vapour utilisation.
August 24, 2026
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Competitive examination preparation supports career pathways in civil services, public employment, management, defence, research and international higher education.
Career-development and competitive-examination preparation is offered alongside academic programmes for civil services, government and public-sector employment, banking, engineering higher education, management, defence, teaching, research and overseas education. UPSC, SSC-CGL, Bank PO, GATE, CAT, CDS, UGC-NET, GRE, GMAT and IELTS preparation includes courses, workshops, mentorship, expert guidance and examination-specific resources. Access to examinations, admissions and career opportunities remains subject to applicable eligibility, selection and institutional criteria.
August 24, 2026
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Corporate governance professionals gain expanded training infrastructure as Hyderabad's new Chapter Office supports Company Secretaries and students.
Institute of Company Secretaries of India has inaugurated a Chapter Office in Hyderabad to expand infrastructure for professional education, training, examinations, meetings, capacity-building programmes and stakeholder engagement. The facility is intended to support Company Secretaries and students and enable wider professional and educational activities. Company Secretaries are identified as corporate governance professionals, with expanding regulatory requirements and the formalisation and listing of micro, small and medium enterprises creating potential demand for qualified professionals.
August 24, 2026
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Diversified pharmaceutical growth combines branded portfolio expansion, contract manufacturing, merchant exports, and regulatory registrations for international market development.
Curis Lifesciences Limited plans a diversified pharmaceutical strategy spanning domestic branded products, contract manufacturing and international market development. Its majority acquisition of Uninova Lifesciences is intended to strengthen own-brand marketing, distribution and portfolio expansion, including injectable products through third-party manufacturing. International initiatives include merchant exports in Kenya and a Nigerian joint venture pursuing own-brand regulatory registrations alongside contract-manufacturing and export opportunities. Commercial development in Nigeria remains contingent on relevant licences and purchase orders, while projections are subject to regulatory, market and other business factors.
August 24, 2026
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Insolvency framework reform prioritises efficient resolution, value maximisation, stakeholder coordination, institutional strengthening and technology-enabled asset recovery.
Insolvency and Bankruptcy Code, 2016, entered its tenth year amid deliberations on legislative amendments, resolution timelines, stakeholder interests and value maximisation. Key areas included resolution plans and tax implications, liquidation processes, recent judicial developments, stakeholder coordination, and the roles of insolvency professionals, regulators, banking institutions and adjudicatory processes. Technological innovation, including artificial intelligence for asset tracing and recovery, alongside regulatory strengthening, capacity building and stakeholder collaboration, was emphasised for the future development of the insolvency ecosystem.
August 24, 2026
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Bilateral economic and financial cooperation will advance through investment dialogues, business engagement, financial-sector partnerships, and global economic discussions.
Official visits to Canada and the United States are scheduled to strengthen bilateral economic and financial partnerships, deepen investment linkages, and advance cooperation on global economic priorities. Engagements include an Economic and Financial Dialogue, investment and business roundtables, corporate meetings, and discussions on financial-sector cooperation, technology, innovation, critical minerals, resilient supply chains, and a Comprehensive Economic Partnership Agreement. Participation in the G20 Finance Ministers and Central Bank Governors Meeting will address global economic growth, stability, and international financial cooperation.
August 24, 2026
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Interoperable real-time payments enable inclusive retail transactions, bank participation, and cross-border digital payment expansion through UPI.
Unified Payments Interface (UPI) operates as an interoperable, real-time digital payments platform for peer-to-peer and person-to-merchant transactions. Its network includes varied banking institutions acting as remitter and beneficiary payment service providers, with performance monitoring across participants. Person-to-merchant payments drive transaction volume through routine small-ticket retail use, while person-to-person payments represent a larger share of transaction value. UPI also supports cross-border digital payments, with future growth linked to technological advancement, broader adoption, policy support, and financial inclusion.
August 24, 2026
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Service Producer Price Indices track quarterly price movements across financial, transport, telecom and insurance services using sub-service weights.
Service Producer Price Indices based on 2022-23 set out provisional first-quarter estimates for FY 2026-27 and final fourth-quarter estimates for FY 2025-26 across financial, insurance, telecom, railway and air-passenger services. Latest quarterly data show negative year-on-year inflation for securities transaction and banking services, while banking service contribution, pension-fund management, insurance, telecom and railway services record positive inflation. Aggregate weights are not assigned because the covered services do not represent the entire service sector; sub-service weights are used to derive service-level PPIs.
August 24, 2026
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Food safety cooperation supports imported-food quality information exchange and technical collaboration within broader bilateral economic and trade engagement.
India-Morocco economic cooperation is being advanced through discussions on trade diversification, market access, investment, industrial cooperation, customs, agriculture, food safety, energy, digital transformation and logistics. A proposed food safety Memorandum of Understanding would support exchanges on imported-food safety and quality, testing laboratories, analytical methods, import procedures, quality control, sampling, testing, packaging and labelling. Proposed cultural cooperation would promote professional exchanges, heritage conservation and institutional linkages.
August 24, 2026
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Foreign-exchange market conditions pressured the rupee as dollar strength, crude concerns and geopolitical uncertainty shaped narrow USD/INR trading.
Foreign-exchange market conditions led the rupee to close marginally lower against the US dollar after reversing initial gains. The USD/INR pair traded within a narrow range amid a stronger dollar index, weak domestic equity markets, importer demand, crude-oil concerns and geopolitical uncertainty. Market commentary indicated a slight negative bias for the rupee, although possible US-dollar weakness could provide support at lower levels. India's foreign-exchange reserves increased during the referenced reporting week.
August 24, 2026
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Branch expansion for wealth and cross-border banking services targets emerging commercial centres and affluent customer segments across India.
HSBC India's branch expansion is directed at extending wealth, international banking, and corporate banking services to affluent, high-net-worth, ultra-high-net-worth, and non-resident Indian customers in emerging commercial centres. The Nashik opening forms part of a broader branch-expansion programme undertaken after Reserve Bank of India approval to establish additional branches in key cities. The programme is intended to expand delivery of banking and financial services, including support for cross-border wealth management, overseas investment by Indian companies, and foreign investment into India.
August 24, 2026
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Bilateral trade and investment cooperation advances through business engagement in high-technology manufacturing, clean energy, innovation and industrial collaboration.
India's commerce and industry engagement with Japan is structured around a business delegation visit to deepen bilateral trade, investment, technology and industrial collaboration. Sector-focused discussions cover semiconductors, artificial intelligence, start-ups, automotive manufacturing, steel, electronics, industrial and consumer markets. Business roadshows and investor interactions are directed at presenting opportunities in India's manufacturing, clean-energy and consumer sectors, while advancing cooperation in high-technology manufacturing and next-generation industries.
August 24, 2026
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Inter-state heroin trafficking enforcement uncovered concealed narcotics in transport vehicles, triggering arrests, confiscation, and continuing supply-chain investigations.
Operation Black Hawk targeted an alleged inter-state heroin trafficking network moving crude heroin from the North-East region towards Uttar Pradesh. Intelligence-led vehicle tracking and highway interceptions resulted in the seizure of over 18.6 kg of crude heroin and the arrest of three suspected network members under the Narcotic Drugs and Psychotropic Substances Act, 1985. The narcotics were detected in specially fabricated concealed compartments within a passenger vehicle fuel tank and a heavy commercial vehicle body frame. Both vehicles and the contraband were confiscated, while financial and logistical investigations continue into suppliers and distribution channels.

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Customs, DGFT & SEZ

Government Approves 19 Proposals of Foreign Direct Investment (FDI) Amounting to about ₹ 2326.72 Crore

July 24, 2014

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Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting held on 11th June, 2014, the Government has approved Nineteen (19) proposals of Foreign Direct Investment (FDI) amounting to ₹ 2326.72crore approximately.

Details of Proposals considered in the Foreign Investment Promotion Board (FIPB) Meeting held on 11.6.2014.

1. Following Nineteen (19) proposals have been approved:

Sl. No

Name of the applicant

Gist of the proposal

Proposed FDI

Sector

1

M/s TTK Protective Devices Limited, Chennai

(No. 11/2014-FC-I)

Proposal for transfer of shares from Resident to Non-Residents, who are private equity/ Institutional Investors prior to a subsequent merger with the lsited group company TTK Healthcare subject to Court approval.

₹ 48.20 crore

Pharmaceutical

2

M/s Reckitt Benckiser (India) Limited

(No. 17/2014-FC-I)

Permission to acquire 23.72% paid up share capital of M/s Reckitt Benckiser Healthcare India Limited from its foreign investors M/s Reckitt Benckiser (Singapore) Pte. Ltd., Singapore

₹ 725 Crore (approx.)

Pharmaceutical

3

M/s Pfizer Limited, Mumbai

No. FC-II 84(2012)/76(2012)

Proposal for issuance of equity shares of Pfizer Ltd.’s to shareholders of Wyeth Ltd pursuant on amalgamation of the latter with Pfizer Ltd. Both the companies are in the Pharmaceutical sectors.

Nil

Pharmaceutical

4

M/s Dr. Willmar Schwabe India Private Limited

No. FC-II 96(1994)/106(1994)

No. 14/AM/2014

Proposal to undertake manufacturing and distribution of homeopathic, herbal and phyto medicines and cosmetics products manufactured in India by way of retail sale and/or wholesale;  and distribution of homeopathic, herbal and phyto medicines and cosmetics products imported by the company by way of wholesaledistribution.

Nil

Pharmaceutical

5

M/s AT&T Global Network Services India Private Limited, New Delhi

Proposal for increasing foreign equity participation from existing 74% to 100% by way of buy back of shares from Indian investor

Not indicated

Telecom

6

M/s EGN BV, The Netherlands

No. FC-II 119(2006)/75(2006)

Proposal for increasing foreign equity participation in M/s Orange Business Services India Network Private Limited, engaged in telecom sector, from 74% to 100%.

₹ 10.00 crore (approx.)

Telecom

7

M/s The Walt Disney Company (Southeast Asia) Pte. Limited, Singapore

No. FC-II 216(2000)/195(2000)

Proposal to infuse additional capital in M/s UTV Software Communication Limited by way of subscription to equity capital up to ₹ 1,100 crore and also make additional investments from time to time

₹ 1100 Crore

Broadcasting

8

M/s News Laundry Media Private Limited

No. 8/2014-FC-I

Proposal for acquisition of shares by M/s Digital Media Laboratory Pte Ltd., Singapore.

0.0125 Crore

Broadcasting

9

M/s J2 Global Ireland Limited

(23/2014-FC-I)

Proposal seeking permission to invest in a proposed LLP with an initial amount equal to US$ 250,000 to increase to $ 10 million in the activity of software development and technology based services.

₹ 15 Crore (Approx)

(US$ 250,000)

IT

10

M/s Morgan Stanley Global Services Mauritius, Mauritius

(No. 63/2014-FC-I)

Proposal for foreign investment in a Limited Liability Partnership (LLP) to be engaged in the I.T. sector and proposed to be formed in India

Rs.27.00 Crore (approx.) (USD 44,99,100)

IT

11

M/s Life Positive Private Limited

(No. FC-II70/2013)

(No. 01/AM/2014)

Proposal for inclusion of additional activities in the FIPB approval granted to M/s Life Positive Private Limited, engaged in publishing of magazine

Nil

Print Media

12

M/s SBICAP Ventures Limited

(No. 33/2014-FC-I)

Proposal by Department for International Development, UK for investment into NEEV Fund, proposed to be registered with the SEBI, as  a Category I Alternative Investment Fund- Infrastructure Fund under SEBI, Regulations, 2012 (AIF).

₹ 396.00 Crore

(£3,60,00,000/-)

Financial

13

M/s BNP Paribas India Holding Private Limited

(No. FC-II68(2011)/83(2011)

Proposal to commence offering ‘trusteeship services for private trusts and charitable trusts’ and ‘estate planning’ services to its clients in India through a new company to be established.

Nil

Financial

14

M/s Brightstar Infrastructure Pvt Ltd,Mumbai

(No. 197/2013-FC-I)

Proposal seeking Post –Facto approval for the allotment of 4,50,000 share warrants of ₹ 10 /- each to the foreign investor- M/s  Shubham SA Investments LLC.

Nil

Construction and Development

15

M/s Speciality Restaurants Limited. (SRL) Kolkata

(No. 27/2014-FC-I)

Proposal seeking post-facto approval for issuance of 1,66,924 warrants in 2007 to M/s SAIF III Mauritius  Company Limited

Nil

Construction and Development

16

M/s Amsted Aikon Rail Ventures Private Limited, Delhi

(No. 37/2014-FC-I)

Proposal seeking post-facto approval for infusing the investment received for manufacturing of rail components in the capital of M/s Amsted Steel Foundries (India) Private Limited, its wholly owned subsidiary.

Nil

Others

17

M/s Lladro S.A (Earlier known as M/s Lladro Commercial S.A

(No. 3/SIA/RT/2006)

 

Proposal for enhancement of equity participation from 26% to 51% in M/s SPA Lifestyle Private Limited, engaged in single brand product retail trading of LLADRO products.

₹ 1.20 crore

Single Brand Retail trading

18

M/s Bulgari International Corporation (BIC) NV, The Netherlands

(No. 17/SIA/RT/2013)

Proposal for investment up to 51% in M/s Luxco India Retail Private Limited to undertake single brand retail trading of ‘BVLGARI’ products

₹ 2.6758 Crore (Approx) (USD 445,191)

Single Brand Retail trading

19

M/s Luxury Lifestyle Trading India Private Limited

(No. 19/SIA/RT/2013)

Proposal to undertake single brand retail trading of ‘Stefano Ricci’ products.

₹ 1.63 crore (Approx) (USD 270,940)

Single Brand Retail trading

 

2.  The following six (6) proposals have been rejected:

Sl. No.

Name of the applicant

Gist of the proposal

Sector

1

M/s George Institute for Global Health, Hyderabad

(No. 50/2014-FC-I)

Proposal seeking post-facto approval and regularization for the allotment of 16,78,492 fully paid up equity shares of ₹ 10/- each.

Pharmaceutical

2

M/s Multi Commodity Exchange of India Private Limited.

(FC-II 42(2010)/78(2010)

Proposal seeking post-facto approval in respect of the foreign investment made by M/s Alexandra Mauritius Ltd prior to issue of Press Note 2 of 2008 when FDI in that sector was brought under approval route

Financial

3

M/s India- Pacific Alliance Pvt Ltd

(No. 16/2014-FC-I)

Proposal for issuance and allot shares to M/s Pacific Alliance Capital Group, USA against the inward remittance received from M/s Pacific Alliance International, LLC, USA in 2006

Construction and Development

4

ShMehulSehgal , Delhi

(No. 18/2014-FC-I)

Proposal for setting up a LLP in India to carry out the business of processing and trading of steel with foreign capital contribution of 98% by M/s Rellek Group LLC.

Trading

5

M/s Felsomat India Private Limited, Bangalore

(No. 26/2014-FC-I)

Proposal seeking Post-facto approval for allotment of equity shares towards preliminary expenses of ₹ 1,00,000 for the incorporation of the company.

Manufacturing

6

M/s BIESSE Manufacturing Company Pvt Ltd, Bangalore

(No. 207/2013-FC-I)

Proposal for conversion of import payables into equity share capital.

Manufacturing

3.  The following seven (7) proposals have been deferred: 

Sl. No

Name of the applicant

Gist of the proposal

Sector

1

M/s AhlconParenterals (India) Limited, Delhi

No. FC.II 82(2012)/76(2012)

Proposal for increasing the foreign equity from 75% up to 100% through a delisting offer

Pharmaceutical

2

M/s ARKRAY Healthcare Private Limited, Mumbai

(No. 48/2014-FC-I)

Proposal for issuance of fresh equity to its existing promoter entities and purchase/ acquire the IVD business of an existing listed diagnostics company on slump sale basis.

Pharmaceutical

3

M/s HBM Private Equity India, Mauritius

(No. 216/2013-FC-I)

Proposal to purchase equity shares of M/s Marck biosciences Ltd from a domestic entity.

Pharmaceutical

4

M/s Indian Rotorcraft Limited, Mumbai

No. FC.II 87(2011)/50(2011)

Proposal for (i) undertaking final assembly of AgustaWesland’s helicopters for export to global customers or offered to Indian Civil market only and (ii) to change the name of foreign investor through a merger within the group

Defence

5

M/s UBMMedica India Private Limited, Bengaluru

(No. FC.II 365(2001)/393(2001)

Proposal seeking post facto approval for transfer of 20% equity shares from resident Indian to non-resident entity and approval for transfer of entire shares from existing foreign shareholder to another foreign entity

Print Media

6

M/s Life Positive Private Limited.

(No. FC-II 70/2013)

(No. 21/AM/2014)

Proposal for increase in Foreign Equity Participation from the existing 96% to 99% of the equity of the Company and Induction of further FDI of ₹ 4,60,75,900 by the Foreign Collaborators.

 

Print Media

7

M/s Aviation Solutions (INDIA) Private Limited, Mumbai

(No. 38/2014-FC-I)

Proposal seeking permission for 51% Foreign Direct Investment in ground handling services of Civil Aviation Sector

Civil Aviation

 

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